Australian Banks Now Allowing People to Buy Bitcoin

[silent17]

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

[jak3]

That's very good news and The Central Bank of India (rbi) has also started accepting it. I think all the banks are planning to take a large amount of tax from all the Bitcoiner and other cryptocurrency users. Although the article did search everything still I doubt that some UK banks do accept Bitcoin payments or not. Because some days ago all the banks are trying to ban Bitcoin but all of a sudden most banks started accepting cryptocurrencies I don't know what they are after but and sure they are planning something. But at least now people will have some faith in us and they will join the Bitcoin community and will ride the roller coaster with us.

[secondgarlic]

News like this will help hugely to dissipate the FUD that was floating around recently, since a lot of governments were not giving clear signals about what exactly they were thinking about cryptocurrencies. Things are starting to get better new, and developments like this will only make things better.

[tomahawk9]

ANZ and Westpac? aren't they trying to attract new customers after the recent news of some shady practices going in both banks? even source: http://www.dailymail.co.uk/news/article-5361237/Westpac-ANZ-forced-refund-credit-card-customers.html

But at least they took the right direction and are trying to embrace cryptocurrencies, hopefully more banks will follow their footsteps.

[EnaksiS]

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

That's very good news and The Central Bank of India (rbi) has also started accepting it. I think all the banks are planning to take a large amount of tax from all the Bitcoiner and other cryptocurrency users. Although the article did search everything still I doubt that some UK banks do accept Bitcoin payments or not. Because some days ago all the banks are trying to ban Bitcoin but all of a sudden most banks started accepting cryptocurrencies I don't know what they are after but and sure they are planning something. But at least now people will have some faith in us and they will join the Bitcoin community and will ride the roller coaster with us.

That are the big news. I said once if a big country like India accepts cryptocurrency or let it free in their country everyting changes. This news are just starts of bitcoin's rise. I hope everything will be good.

[stompix]

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

Talking about non-news

ANZ and Westpac, two of the most important banks in Australia are opened to cryptocurrencies. They announced that they will allow customers to freely purchase bitcoin and other digital currencies or accepting them as a form of payment. What the bank will keep doing is protecting customers against potential fraud and other possible scams.

An ANZ spokesperson has explained that they do not provide support or banking services to unregulated businesses like cryptocurrency exchanges or issuers. Westpac has also taken a similar stance with regards to its customers. They will allow them to buy cryptocurrencies with credit cards, but they did not comment on whether the bank was thinking about a prohibitive policy.

They will let you transfer funds to an exchange via your bank account.

Or let me put it this way:
"They will allow you to use your money how you want!!!".
Indeed, a milestone! /s

[fabioganga]

great news indeed! Let's hope it will be the start of a new trend for other countries.

[siddu67]

That's a good news and Australia is the amateur county in the world. so I have congras to republic of Australian gov. I think, they are right work for Australian bank allowing people to buy bitcoin because bitcoin is a expensive coin for online.

[Gracechen17]

That’s a good news. If there will be more and more banks and government institutions supporting bitcoin, people instead of worrying will consider putting their money into bitcoin because they have the back of the governments and the banks. It will also increase the demand of bitcoin and so the price will also rise.

[semenencoa]

What about AML??? They should protect system from money laundering. Freedom of cryptocurrencies can be very harmful. It creates not only economical freedom for ordinary people, but also for dirty politics, crime, human traffic, drugs and terrorism.

[silent17]

That's very good news and The Central Bank of India (rbi) has also started accepting it. I think all the banks are planning to take a large amount of tax from all the Bitcoiner and other cryptocurrency users. Although the article did search everything still I doubt that some UK banks do accept Bitcoin payments or not. Because some days ago all the banks are trying to ban Bitcoin but all of a sudden most banks started accepting cryptocurrencies I don't know what they are after but and sure they are planning something. But at least now people will have some faith in us and they will join the Bitcoin community and will ride the roller coaster with us.

I was thinking the same way, I think banks top management did this so that the price of BTC will go down, and now they are starting to accept it because I think they also want to participate in it, They just wanted to buy from the deep in order for them to profit.

[sidebyside]

Well this is really good news for bitcoin. It increases the trust of users with bitcoin. It opens up new hopes for the development of bitcoins. I am sure the value of bitcoin will soon be restored. Hopefully many banks will accept bitcoin ... Bitcoin is growing in a better direction.

[ShowOff]

That's very good news and The Central Bank of India (rbi) has also started accepting it. I think all the banks are planning to take a large amount of tax from all the Bitcoiner and other cryptocurrency users. Although the article did search everything still I doubt that some UK banks do accept Bitcoin payments or not. Because some days ago all the banks are trying to ban Bitcoin but all of a sudden most banks started accepting cryptocurrencies I don't know what they are after but and sure they are planning something. But at least now people will have some faith in us and they will join the Bitcoin community and will ride the roller coaster with us.

I was thinking the same way, I think banks top management did this so that the price of BTC will go down, and now they are starting to accept it because I think they also want to participate in it, They just wanted to buy from the deep in order for them to profit.

1 thing that they want, profit. if they really take any tax about bitcoin transaction it will be good for them and it will be good for bitcoin user because it will have any regulation. it is still better than banned bitcoin without any logical reason

[iagyei259]

This is positive  news for cryptocurrencies. If other banks follows through,  it can help bitcoin and other  alternatives  currencies  in the future.

[Baimovic]

I like what the Australian bank has done. this is a good move.

they understand about bitcoin, and I hope other countries can follow the bank of australia.
this means the Australian government already has a special regulation on the use of bitcoin.

they have to perfect the regulation, then bitcoin will give big advantage for australia.

[Quantumplation]

NOTE: This message was originally not posted by me, but instead by someone who compromised my account.  I have deleted the content.

[BurhanPSG]

That is one very good news, bitcoin will get stronger with many supporting countries. I also hope that there are many countries that support bitcoin, especially if becomes an official payment tool. surely everyone will be happy.

[sofi@]

Buying bitcoin in my country is not an issue at all even though our government do not support bitcoin market, they did not issue regulations prohibiting bitcoin exchanges and transactions. It is a good thing that country clearly stated and show that they support bitcoin, I hope more country will do the same and help bitcoin community to grow more

[neite99]

Australian governments besides banks have allowed people to cash their btc from banks and pay an income tax for the money that comes from crypto which is a sign of adaptation.

[richardsNY]

That is one very good news, bitcoin will get stronger with many supporting countries. I also hope that there are many countries that support bitcoin, especially if becomes an official payment tool. surely everyone will be happy.

This has not necessarily something to do with countries or banks supporting Bitcoin at all. It has to do with people being able to do what they want with their own money. It once again shows that people here don't care to read the articles itself, but just purely see the title of a thread, and have that be their only source of information to start writing garbage. Am I being too negative here now? Should I act like all other empty headed posters and celebrate something that I am allowed to use my money how I want to use it? Ok then..... YES! This is absolutely very good news and will help Bitcoin reach $100k before the end of this month.