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....
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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