bank on australian allow customers to purchase cryptocurrencies

[btctime]

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.

[the13thsymphony]

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.

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.

[ucingucingan]

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,

[Sled]

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.

[gowobonyok]

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.

[Grayy]

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.

[breathlessz]

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.

[katri]

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.

[Siren]

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

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

[Liberto]

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.

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.

[Jamescur]

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!

[BitcoinMarketer39]

Article Link: 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.

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.

[JerryJam]

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.

[Liberto]

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

[ROB18]

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.

[stayeduptolate]

Article Link: 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.

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.

[GangNamSK]

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

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!

[wantjokull]

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.

[Nhor1011]

    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.

[Janation]

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.