Crypto Firms Fight for Financial Freedom
Australians continue to encounter significant banking barriers when engaging in cryptocurrency transactions, despite years of regulatory progress in the sector, according to recent surveys and industry insights. A Binance survey of 1,900 Australians revealed that 58% of respondents desire seamless and limit-free access to fund deposits on exchanges, while 22% reported switching banks to facilitate easier crypto purchases. Industry leaders attribute these issues to inconsistent access to financial services, which hampers market participation and trust [1].
Crypto businesses and users frequently face restrictions imposed by traditional banks. OKX Australia’s CEO, Kate Cooper, highlighted that many financial institutions deny services to…
