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Article Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/  (https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/)

Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account Kudos. This will be a good news on our part Bitcoin will became stable and I assume some country will be patient Japan and Australia. So to all panic user just calm and feel the bubble again of bitcoin.

Well that's good news. I heard Canada is opening a Cryptocurrency storage this may sound weird but its also a good thing for the whole crypto community. Soon, well see more banks opening their doors to us inviting more investors to crypto.

news from this country is not very influential, China is still a legit news to make bitcoin bubble. during the Chinese New Year to finished bitcoin doesn't being a bubble

Influential or not, still a news that would possibly be a moving force in the market since it's still positive no matter how you look at it. Good for our Aussie mates since here in our country (Philippines), once they found out that your funds came from a service that deals with crypto, they'd block your account without any warnings just like what happened to our supplier of video cards here. The bank (BDO) noticed that the person cashes in millions every month and the funds came from an exchange. In return, the bank suspended the account due to it receiving funds from "unknown sources" that could come from "illicit activities and fraud". Such a shame though, but I guess that's what would happen if a certain entity isn't doing their own research.

whete is bubble?when did you get that idea?if theres a correction to be made well thats fine but saying bubble is bitcoin all i could say is have some proof.deal with this issue here in forum not just saying some stories whos no ones believing

If these news are all true, well it is good for us and to all bitcoin enthusiasts. Many such different speculation about bitcoin operation on how it can be more life expand to pass under the road of obstacles and hindrances, many words stated that bitcoin life is near to end. But in this beautiful news today about banks accept business transaction on bitcoin, so, it is the big sign that bitcoin would having a long life journey, and it is very good to all bitcoin enthusiasts.

Maybe Australia isn't that influental but China is not the only important county for Bitcoin also and the influence of China is exaggerated.
I think it's not impossibe that some other countries also follow the example of Australia, this could be something that could encourage them to make some similar moves. Anyway, it's a good news.

Hopefully as time passes we'll see bitcon and crypto diversify further away from china and south korea towards greener pastures. Australia is a good prospect for this as are japan and russia. It wouldn't be surprising if iceland, hungary and states which have policies against central banks embrace crypto in the future. Independence movements in catalan, brexit and elsewhere could also embrace crypto as they are cracked down upon by global banking cartels and the "establishment".

With many banks and financial brokers refusing to sell crypto to customers, the crypto market becomes more lucrative in terms of competition diminishing. The potential profits and opportunity present could guarantee someone in the world will sell crypto no matter how much the practice is shunned by central banks.

That was good idea of the bank in the australia. All the australian that are using cryptocurrency will having an easy way to purchase item without going outside their house, the hassle will be lessen because it will be online purchase.

Well Australia news might not bring huge impact but still we should considering this as a very welcoming. Although there's no surprise here because they have already embrace bitcoin and crypto, this is a strong message to those nations who are banning cryptos. We should really forgot China news though, I'm not expecting any positive news that will come from them, if anything we should expect is FUD and skepticism because they really hate bitcoin and crypto that they decided to ban ICO and close their local exchanges.

While some of the banks in different countries prohibit their customers/clients to purchase cryptocurrency using their service or credit cards, it is great news that this australian bank will allow it. I hope other banks will also consider this including the bank that is mostly used here in my country (and also what I use). But hey, even this is a good news it will not make Bitcoin price stable (I doubt that it will happen) because people that use/buy Bitcoin and see it as an investment, not a currency that is being used for payment.

Looks like a big cold storage vault like a regular money have? but it contains digital currencies, that's cool though I heard Xapo has also a vault for crypto, they called it Xapo swiss vault here's the article https://qz.com/1103310/photos-the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/

whether it is influential or not, what it matters is that there's still news and articles like this which is beneficial for the coin itself, little help counts. China makes a legit news to make bitcoin bubble? we know the incidents that drive the community crazy this past year but what is the response of the price? it's the opposite.

This is good news but I don't think this will be common because cryptocurrency investment is extremely risky so the best thing for banks is avoid giving such services now.

Banks needs to be knowledgeable about the Crypto Industry because users of the Crypto Industry use banks to get their electronic money into Fiat money. Banks play a huge role in the cryptocurrency industry and they havent know it yet. Maybe the Australian authority is knowledgeable about the use of this electronic money and allows others to fully utilize the knowledge they have and control this system. They might be using it in a good way to improve their country and prevent others from abusing it.

I always hear people repeating this mantra about the Chinese New Year, but last time I checked exchanges were still banned in China. How can the Chinese influence the price of BTC when all miners are moving out to other countries due to the upcoming power consumption limit and traders have already moved to Japan and Hong Kong?


The banks in Australia used to be against Btc, blocking transactions from exchanges and yet we have a bank that decided to change its mind despite the volatility. It mutt not be too risky in their view :P

With most of the crypto currency miners living in China, I really don’t think that their influence is exaggerated but I know that it’s hood that they are out of the picture. Because the Chinese government indecisiveness was really a problem.

And I am very happy with such news, was influential or not. They say that in some countries the decisions are made by adequate people, and they don't try to slow down the progress.

This good news, is expected to support the development of bitcoin prices towards the better as expected by everyone here.

It is good for the australians. Here in our country bank don't allow us to purchase cryptocurrencie. I hope in the future many banks will do what is done in australia.

Wow that's great news! Other countries will follow what Australia has done. I think Cryptocurrencies is very bullish in the next few months and years. Early adopters will be rich as hell. Countries who adopt early will be the next big thing.

i hope bank in my country have same things, corporation with local bank is very helpfull for crypto

I agree even Australia may not have a big role in the crypto currency market at least we have a good news. Also Australia is a big country and a 1st world country this maybe the first step for people in Australia to be more invested in the crypto currency market.

Sounds great news to all altcoins believers and bitcoin users also.  The trend of the digital currency cannot be stop at all in the entire world.
That's why most business advertisement now all over the world are now adapting the concept of cryptocurrency. Good for the citizens of Australia are very open into this kind of trend. hope here in my country will be like that ;D

More good sentiment for bitcoin price to increase. People have to ready with the next great pump of bitcoin price, we should earn bitcoin as many as we can now befote the price getting higher. That australian bank looks great potential in cryptocurrency, we have to be ready for mass adoption which will happen.

That is the great news for the Australian who used cryptocurrency, and also for us. I wish with that great news, the investors will increase and more countries do this the same. And it become legal all over the world. So that the cryptocurrencies will back to top again.

So happy to heard that. The bank of Australia have a good decision and may be sooner or later another country Will follow their step and will many more people want to Invest  in bitcoin, that's will give influence bitcoin to increase.

Good news but very small in front of the whole world. We need at least more than five major countries spreading the news like this so that we can see some good days of bitcoin. Its good that they have started the initiative for internal purpose or with some another principles but it's not enough because positive news spreads very slowly while on the other hand if there would have been negative news like they are going to ban it then it could have been spreader like crazy. This is the reason why I'm saying it's good news but we need more than one country to spread such good news. So that it will affect the whole community in broad way.

For me, it doesn't matter if a certain country is influencial or not as long as they were part of the cryptocurrency community and they support crypto as a whole. Good news for the people of Australia most especially to the crypto enthusiasts out there. I am hoping that more and more countries will follow such move. In terms of China, I think we have to move on because cryptos can go without China as a whole and past is past. No matter how big players or investors they have they can't stop crypto from it's dominance look at what had happened on the maket it is still kicking without them. We still have majority of countries planning to support cryptocurrency most especially Bitcoin.

Though the banks may opposed this new currency system,  but I believe time with come that they want to hunt crypto users to used their services. Maybe we could say that they are just in a moment of developing a new systems which can drives and adopt this Third World generations of currency. And still hoping it will go smoothly and others banks may follow then.

As we all know that if Bitcoin is vulnerable to issues. for this news may at least affect the value of Bitcoin, but the issue of mainland China is very influential on the value of Bitcoin when compared with issues circulating in this Kangaroo country. it is because the market share of Bitcoin in China is bigger.

This is really a good news which olny means that Australia is supporting bitcoin market. I hope other countries will show their support over bitcoin same way as Japan and Australia did so we can really move into digital economy for a more fast and reliable currency and market. I also hope this will lead to more investors for bitcoin and hopefully will help the value to appreciate again.

At least, we have here a good news that can possibly counteract the news coming from USA and Britain where big banks are advising their customers not to buy any cryptocurrency using their credit cards. This is a welcome news from the land down under. And I am hoping the same thing can happen in nearby countries too like New Zealand, Malaysia, Thailand and the rest of the ASEAN region...excluding China of course.

I want to note that in the Philippines bitcoin is recognized as a means of payment. South Korea and Malaysia are also preparing to legalize the crypto currency. And for example in Belgium, all financial transactions with a crypto currency are not taxed. Many understand that this does not go away and the earlier legalize, the faster you will take the market.

Yes Australia is not influential yet but this is eye opener to other country, and one thing if bitcoin will be popular in the Australia more investor and user will be added in cryptocurrency.

The news was even better if the banks allowed (simplified) to do the reverse process. Exchange of crypts for fiat currencies.

That's really a good news.It seems that very soon, australia would join the group of japan to legalize bitcoin.

Australia has one of the most diverse culture in the world and with that, I believe the spread of bitcoin would eventually reach farther. If they became one of the central countries to support bitcoin, it might attract a lot of investors and even tourism which will help with its propagation.

If people start making transactions with bitcoin, it is certainly not a bubble.

I find it incredibly funny, the bank is allowing you to use your money to buy something that is legal, wow how nice of them, what are they going to allow me to do next? Will they allow me to buy my groceries as well? This is the problem with banks they think they can control us despite the fact all the power they have comes from people having their money there.

The smart banks know that cryptocurrencies is the future and they know the best way to gain the trust of their customers is to make sure they create an avenue for their customers to be a part of that future. Kudos to Australian banks

Actually Australia is one of the country which is having legal status of the bitcoin and this was declared in the last year only. So assuming that I am sure banks in their have no problems at all to get the crypto currency bought through them. Plus Australia does have exchangers which are free to roam with the fiat currencies and thus getting far from the trading ways. This news was published right after the Japan acceptance in the 2017. I am sure many more news that are coming this year are just casual one for the Australian people. Thats just good move by this country and better one too considering the future of it.

Well that is a very good happening for crypt currency world. And maybe some other bigger countries will follow. It will improve the reputation of crypto currency.

For one thing, crypto currencies are not bubbles. We will see a more stable coin as the years pass. Next, it is a good thing that countries around the world start embracing crypto currencies. The more they buy, the more the price increases and that is always a good news for us investors.

Heck yeah! Yet another country supporting crypto currencies. I know it be a success in Australia and other countries will be doing the same thing in their countrues. I just hope that we don't see anymore countries banning crypto currencies anymore.

Another successful thing that crypto did, this Ian's good sign of every person out there hoping that crypto will become acceptable in their respective country. Although this news from this country may not a great influence or could not give a big impact to the world still the importanct Is the success this is what matters the most because from the little success leads to the biggest one and this is true philosophy.

This is good news as there are big banks in a big country that accept investors in Crypto. But this can be one of the ways banks and governments can control investors and then tax them.

Yes, this information is true. However, ANZ does not provide banking services to “businesses that operate as issuers, dealers or exchanges of digital or cryptocurrency,” with the spokesperson stating that “these businesses are currently unregulated and therefore not within ANZ policy”.

According to the Australian Broadcasting Corporation, a spokesperson representing Australia and New Zealand Banking Group (ANZ) stated that the bank “does not prohibit customers buying digital or cryptocurrencies, or accepting them as a form of payment.”

that is good news for all bitcoin holders around the world, news of this kind that can increase the bitcoin price.

I do not think so. Although bank on australian allow customers to purchase cryptocurrencies, the Commonwealth Bank of Australia (CBA) declined to respond to the Australian Broadcasting Corporation’s request for comment. However anecdotal reports have long indicated that CBA has prevented its customers from conducting wire transfers to major cryptocurrency exchanges.

The Cryptocurrency Exchange should now register and report to the Australian Transaction Analysis and Analysis Center (AUSTRAC). AUSTRAC has issued a document outlining the main obligations of digital currency exchange under the new guidelines.

surely this is good news for the citizens of australia if indeed the government encourages every citizen to invest in crypto. I think this is a step that should be followed by other countries that will provide space for crypto so that every citizen can improve his economic level for the better. I say so because I think for now crypto greatly contributes in improving the economy in each individual user.

Great to hear the news like that, if I understood correctly the thing you are saying here. I would like to have that bank in my area

 Its a good news for all Bitcoin user, one bank is welcoming then, another and another bank will soon. The global awareness on Bitcoin is growing each day, be it on the social media, business community or financial institution run by the government. this news will definitely have an effects on the global market. Any banking institution accepting Bitcoin transaction is always a welcome news not only on the Regulation issues, Almost every world bank of the country, implement the Anti Money Laundering Laws intended to Regulate the amount of money transaction  entering there Bank.With the move of an Australian  Bank perhaps the issue on Regulation will be resolved soon.

Bright idea. Cause they know that cryptocurrencies can change a life of their citizen. I like to hear that I wish they here also in Philippines they would allow their people to buy cryptocurrencies although our president Rodrigo Roa Duterte signs that bitcoin and.other cryptocurrencies here on our country is legal

A welcome move of an Australian Bank for crypto currency or Bitcoin user, with this move, the level of acceptance on digital currency is increasingly moving forward. Once the resistance of Financial institution or the Business community of each Government address the issue on Regulation it will have beneficial effects on the nature of Crypto currency transaction globally. The implementation of Anti Money Laundering Laws of the World Bank,  to control the amount of Money transaction entering the banking system is the main reason why crypto currency transaction facing the resistance on Regulation.

Great news to the Crypto currency investor in this country. Any acceptance on Crypto currency transaction by the Banking institution is a great news and welcoming development for crypto investor, easy access to transact business with this bank regarding investment, buying and selling, or even trading on the market with the crypto currency. I am looking forward that another bank will follow thru, with the growing acceptance of crypto currency transaction globally, it increase the level of awareness  of digital transaction, which maybe have some influence to the future investor coming in.

This should never have been an issue in the first place - any bank or financial institution that tells me I can't spend my OWN money on whatever I want can go and get fucked. If I want to spend my life savings on cryptos or beer and hookers that's my business.

Well atleast few by few I could say that the world is adopting the cryptocurrency which has a good impact for price stablization specially bitcoin. The real purpose of bitcoin becomes attainable because of this matter.


You are right you can buy crypto, drugs, smuggled goods etc. because you have your freedom but when your country declare it to be illegal then you might end up to jail. Its hard do business in jail mate.

This is indeed good news. The more a country encourages crypto currencies to it's people, the more people will buy it. Of course the more people buying crypto currencies the demand increases and the price jacks up. I just hope they stay on track on this and other countries follow suit so we can all enjoy a decentralized era.

This is great news for all crypto economy. Small countries are always the first to introduce new technologies, and large ones will soon begin to catch up.

Thats a shame that even though person had a decent way of earning money from cryptocurrency there are banks that will suspend your account for unknown malicious reason, but considering the Philippines where there are multiple million dollar scams and political corruption you still cannot blame the banks. However the move of Australia's banks to make purchases and possible convert them to fiat directly is a very good move for their countries advancement in the cryptocurrency market and at least many countries would follow their steps.

At least that could be good news that can boost the image of crypto currency in the world community that has started many countries that legalize bitcoin, not without reason the country legalize bitcoin need a study that does little with regard to the impact of the crypto currency itself,

It is great for them that they allow their customers or clients to purchase cryptocurrencies and i hope the same thing in every country because it will open to the public and the other people who are doubting will realize that cryptocurrency are not bad and they are great instead because of its opportunity and it is already accepted and supported by the banks.

lately a lot of good news about crypto. some countries have received well-accepted blockchain technology as a decentralized banking system. but we also should not be lulled by this situation, it could be the government is testing the ability of crypto as a secure means of payment.

Some banks allow their customers to buy bitcoin and other cryptocurrencies from their bank account. The problem is that some of the banks deem it necessary to step in during highly volatile times. Some UK banks prevented customers from using money from their bank accounts to buy cryptos when prices started dipping. This is still good news.

i think it would be great if there is a correlation between banks with cryptocurrency, this will speed up the development of cryptocurrency. i think there is a bank relationship with the opening of a shop at the australia airport using crypto for payment.

This is a great news! Hopefully other countries will do the same. This will help surely the push of price in the market and cryptocurrency to be part of the economics.

Who told you that we want bubbles here?all we want is a price growth and it doesnt matter how small it is whats important is we see that market going greenish and thats enough for us to be happy

Chinese newyear?suck it ,now tell me what does that New year brings to market?another nonsense dude

Big things start from the small. If something new was great and it work good, distribution it in whole world is only question of the time.

Banks should adapt to the development of blockchain and cryptocurrency, or they will be robbed of many businesses and profits by blockchain and cryptocurrency!
Banks should learn from Australian banks about the potential opportunities brought by blockchain technology!

It was a good news because it only means that the community of cryptocurrency is slightly growing and the government on other countries might legalize bitcoins as well in the future so price will keeps on growing.

The largest Bank in Australia BANNED the purchase of cryptocurrency from credit cards. This ban is intended to protect the client from using borrowed funds to buy cryptocurrencies. But debit card holders can still use them to buy cryptocurrency. But such changes in policy will not become a trend.The second largest Bank did not impose such a ban.

This is good news for us. Australia aspires to become a world leader in financial technologies, and the budget should stimulate the development of local industry. And since July 1, the double taxation of the cryptocurrency in Australia

Nice move ANZ and Westpac, you will be the precedent of other banks who is willing and open to integrate cryptocurrency in there business. I know in the near future, cryptocurrency will have a great impact in our economy. Banks will be a major channel in order for this thing to happen much faster. Good luck to banks and legit crypto.

This is something a news that every bitcoiner should happy about, as we all know and aware with this characteristic of bitcoin that it is very sustainable crypto currency and it has even proved its sustainability by making its existence since 2008 and still making a tremendous progress and this is even more good that countries are now allowing people for using crypto currencies because this is something in which the development of country lie and I will just pray that the same will happen in my country India also.

Information is too useful. Australia is the world's leading technology country, having said that it is a mirror for other countries to refer. That is good news for the country and investors. I hope other countries should consult and apply to their country. Let the country grow and let the human community become richer. Hope so!

It would be more realistic if they really allow the customers to transact using with the external transaction agent but from the same bank account. I mean its all right that we can use our banks to buy and sell crypto currencies but thats not the real use of the crypto currencies. The current must focus on the crypto currency development and its real world applications. If that doesnt happen soon then these kind of small steps will never take us to the next level of development. Believe, I see no difference in current situation where we still use out bank money to buy crypto currencies. There doesnt need special news for this one.

    Good news for the Australian people that their country is open for this great opportunity given by cryptocurrency and also supported by banks there. I hope that it will also happen in our country that no obstacle,that even a bank allowing  people here to earn from crypto. Hope that one day they will realize how beneficial the bitcoin is not only for the people who use and earn but also to our government and economic problems.

That is great but I think if they are letting their people buy crypto currencies, I think they must also accept selling them some, though that might be a bad idea.

The last part of the article is really funny since they prevented some of their costumers to buy or purchase Crypto currencies on the most common Crypto currency exchanges, does that mean they are taking it seriously and they want to eliminate their competencies? People have a freedom to choose where they want to buy, I don't think they need to force people to buy in them. They might be protecting people from fraud but come on, that is a most common crypto currency exchange.

This is a great news for the crypto community. I believe as time goes on many banks in various countries will follow this course to promote more investment and trading in crypto currencies.

That really is great for their country as well as for other countries. The first step will be very difficult to stabilize and then gradually go into the rules of stabilizing the expansion mechanism, of course, all policies will be expanded to develop accordingly.

It is a good opportunity and joy for the financial user community in this market. Australia is a vibrant and intensely productive country, adopting and implementing extremely rapidly. Only then could this country increase its profitability and financial superiority, as banks have enthusiastically supported the field of electronic money.