Crypto Updates

Binance Australia Faces Crises as Payment Provider Halts Support

No Blockchain For Aussie Stocks, RBA is "Dissapointed"

The Australian subsidiary of Binance has suspended Australian dollar services as its local payment service provider stopped support for the crypto exchange’s service.

According to a tweet on Thursday morning, Binance confirmed that the deposit services with PayID AUD were halted “due to a decision made by our third-party payment service provider.”

Though withdrawals are working for the time being, Binance is also expecting a disruption in its bank transfer withdrawals. However, it is unknown to the exchange when the withdrawal support will stop. The exchange is now looking for an alternative payment service provider in Australia.

“We understand from our third-party payment service provider that Bank Transfer withdrawals will also be impacted, and we will advise users on timeline when this is confirmed,” Binance added.

“You can still buy and sell crypto using credit or debit card, and our Binance P2P marketplace will also continue to operate as usual.”

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