[2013-12-20] Australian Bank Publishes Report ‘Bitcoin to replace AUD?’

[LiteCoinGuy]

Australian Bank Publishes Report ‘Bitcoin to replace AUD?’

http://www.coindesk.com/australian-bank-report-bitcoin-replace-dollars/

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[bryant.coleman]

lol... it seems that the bankers are panicking everywhere. Be it the American ones or the Chinese ones... or even the Australian bankers.... everyone is afraid of the Bitcoin. A good thing, I'd say. 

[LiteCoinGuy]

its good to see these reports. i read 3-4 until today from different banks. they are relative neutral. all these reports are very good signs for bitcoin i guess.

[nobbynobbynoob]

lol... it seems that the bankers are panicking everywhere. Be it the American ones or the Chinese ones... or even the Australian bankers.... everyone is afraid of the Bitcoin. A good thing, I'd say. 

The report is by NAB, which appears to be by far the most bitcoin-friendly of the Aussie banks. My former bank, the Communist Bank is bitcoin-hostile. There are mixed reactions about ANZ; it seems as though they aren't necessarily overtly anti-bitcoin per se, but they have "fraud concerns".

[bryant.coleman]

The report is by NAB, which appears to be by far the most bitcoin-friendly of the Aussie banks. My former bank, the Communist Bank is bitcoin-hostile. There are mixed reactions about ANZ; it seems as though they aren't necessarily overtly anti-bitcoin per se, but they have "fraud concerns".

How do you classify the Australian banks as bitcoin-friendly and bitcoin-hostile? Has the Communist bank suspended savings accounts for doing BTC transactions?

[ANX_Service]

FYI - We have recently established a partnership with Australian business banking relationships and now offer local AUD deposits and withdrawals.  It would appear that Australian banks are finally warming to Bitcoin.

ANXBTC.COM

[HairyMaclairy]

The report is by NAB, which appears to be by far the most bitcoin-friendly of the Aussie banks. My former bank, the Communist Bank is bitcoin-hostile. There are mixed reactions about ANZ; it seems as though they aren't necessarily overtly anti-bitcoin per se, but they have "fraud concerns".

How do you classify the Australian banks as bitcoin-friendly and bitcoin-hostile? Has the Communist bank suspended savings accounts for doing BTC transactions?

Coinjar which is Australia's version of  Coinbase uses NAB. 

[GnB]

The report is by NAB, which appears to be by far the most bitcoin-friendly of the Aussie banks. My former bank, the Communist Bank is bitcoin-hostile. There are mixed reactions about ANZ; it seems as though they aren't necessarily overtly anti-bitcoin per se, but they have "fraud concerns".

How do you classify the Australian banks as bitcoin-friendly and bitcoin-hostile? Has the Communist bank suspended savings accounts for doing BTC transactions?

Friendly:
NAB/Westpac have currently taken on many of Australia's Bitcoin-based businesses with little issues (that I've heard of at least).

Hostile:
The business + personal accounts of all the coinjar founders were closed within a few weeks of releasing the website to the public (commonwealth bank).

Not to sure about the others but that's one real example.

[BTCIndia]

Link to detailed report?