Binance Australia Suspends AUD Fiat Operations
In Brief
The provider responsible for handling Australian dollar deposits and withdrawals has disrupted those services.
A recent statement indicates that the third-party provider's decisions have directly affected the capability for depositing and withdrawing Australian dollars.
Binance Australia has announced the temporary halt of AUD services due to a reported discontinuation of support by its local payment processor, as highlighted in a recent social media update by the cryptocurrency exchange.
On May 18, a tweet from Binance Australia revealed that it had halted PayID deposits for AUD, and there would also be withdrawals affected due to the third-party payment service provider's decision.
"Our third-party payment service provider has informed us that bank transfer withdrawals will be similarly impacted, and we will keep our users updated regarding the timeline,\" the official statement noted.
Binance The company is actively searching for a new provider to resume AUD deposits and withdrawals for its users. However, users can still buy and sell cryptocurrency using credit or debit cards.
- Australian residents Thanks to a collaboration between Mastercard, Circle, and a stablecoin platform, soon individuals will be able to use cryptocurrency to pay for various goods and services. This partnership aims to offer a straightforward and familiar method for utilizing stablecoins in everyday transactions.
Read more related articles:
- Email addresses of 7,000 MetaMask users were compromised due to a breach involving a third-party service.
- Binance Introduces ChatGPT into Binance Academy
- Etihad Airways issues NFTs
Disclaimer
In line with the Trust Project guidelines Please remember that the information on this page is not meant to serve as legal, tax, investment, or financial advice in any capacity. It’s crucial to invest only what you can afford to lose and seek independent financial counsel if you're uncertain. For more details, we recommend reviewing the terms and conditions along with the support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and impartial reporting, although market conditions can change without notice.
