Coinbase Accuses Australia’s Big Four Banks of ‘Unlawful’ Crypto Debanking — TradingView News
Coinbase has taken its fight against crypto debanking to Australia’s parliament, filing a formal complaint that accuses the country’s biggest banks of shutting legitimate crypto businesses out of the financial system.
Here’s the scoop.
Big Four Banks Named in Filing
The submission, sent to the House of Representatives Standing Committee on Economics, names Commonwealth Bank, Westpac, ANZ, and National Australia Bank. Coinbase said these banks are closing accounts without warning and blocking transactions tied to digital assets.
“There is nothing that degrades trust in an economy faster than being told you cannot use your own money,” Coinbase wrote.
The exchange warned that debanking has gone from a rare problem to a “systemic…
