Australian Banks Imposing 'Unlawful Regulatory Ban' on Crypto, Says Coinbase

Coinbase has accused Australian banks of implementing an "unlawful regulatory ban" on cryptocurrency transactions, claiming that this action is hindering access to digital assets for consumers. The exchange argues that the banks' restrictions are not only detrimental to the crypto market but also violate the principles of fair competition. Coinbase is urging regulators to intervene and ensure that consumers can freely engage with cryptocurrencies. The situation highlights ongoing tensions between traditional financial institutions and the growing crypto sector in Australia.

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