National Australia Bank Halts Payment to Crypto Platforms Where Scams Are ‘More Prevalent’
National Australia Bank (NAB), one of the ‘big four’ banks in the nation, has blocked some payments to “high-risk” crypto exchanges, where scams are “more prevalent.” In an official statement, detailing new measures to p...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In an official statement, detailing new measures to protect customers from scams, NAB identified crypto scams as the fastest-growing security threat costing Australians A$221 million (US$151 million) in 2022 alone....
Read More: National Australia Bank Halts Payment to Crypto Platforms Where Scams Are ‘More Prevalent’
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say
A Bank for International Settlements working paper found that stablecoin growth slows when U.S. banks raise deposit rates, with Ci...
Borderless.xyz report finds stablecoin payments beat bank FX rates
Stablecoin payments' efficiency over banks could reshape cross-border transactions, emphasizing dynamic provider selection to mini...
Coinbase and Marqeta Bring 24/7 Stablecoin Card Spending to Millions of Merchants
Key Takeaways: Coinbase and Marqeta are taking a stab at stablecoin-based cards. Coinbase infrastructure makes it easy for busines...
BIS paper finds banks could slow stablecoin growth by raising rates
Rising bank rates could curb stablecoin growth, impacting monetary policy, regulation, and competition between banks and digital c...
Coinbase crypto-backed loans hit $2.3 billion as banks build tokenized deposits
Coinbase's crypto-backed loans and banks' tokenized deposits signal a shift towards blockchain integration in traditional finance...
Qubic Loses $1.3 Million in Wallet Raid Before Network Halts
An overnight cryptocurrency theft emptied 1,404 Qubic wallets of approximately 2.94 trillion QU, worth $1.3 million, before valida...