Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On

Binance Australia halted Australian dollar (AUD) deposits and withdrawals by slope transportation arsenic announced past month, the speech said connected Thursday.

On May 18, Binance Australia said it would no longer facilitate AUD slope transfers utilizing PayID "due to a determination made" by the third-party outgo work provider. A May 22 update said the services volition proceed until June 1.

The latest tweet said Binance Australia users tin inactive bargain and merchantability crypto utilizing recognition oregon debit cards, and that it is "working hard to find an alternate provider."

For the past fewer days, bitcoin (BTC) has been trading astatine nearly a 20% discount on Binance’s Australia arm, compared with rival exchanges.

In April, aft a petition from Binance, the Australian Securities and Investments Commission (ASIC) canceled Binance Australia's derivatives license.