Westpac CEO Apologizes for Blocking Crypto Transfer to CoinSpot
Anthony Miller, the CEO of Westpac, apologized to a customer on Wednesday after the bank froze their accounts and denied a $30,000 transfer to the Australian cryptocurrency exchange CoinSpot.
Earlier this month, Tim deposited $50,000 into his Westpac account with the purpose of utilizing some of it to buy Bitcoin on CoinSpot. However, the bank flagged and stopped the transaction, prompting a call from its risk management team.
Tim recorded the phone call and later shared it on Sydney’s 2GB radio, revealing a tense exchange with a bank representative. The staff member repeatedly questioned Tim’s intentions, claiming that his response lacked transparency and raised concerns.
“I am genuinely trying my best to help you out as best as…
