HSBC Australia bans customers from depositing money into cryptocurrency exchanges: To prevent customers from being deceived

This website (120bTC.coM): A screenshot recently circulated online shows that HSBC Australia issued an announcement stating that in order to prevent customers from being deceived, starting from July 24, all transactions sent to cryptocurrency All transfers, remittances and credit card transactions will be blocked, and customers are prohibited from depositing money to buy coins. Netizens can't help but tease: "The money in your account is not yours."

HSBC Australia issued a notice on July 24 Explaining this "new security measure", a notice to customers said: From 24 July 2024, HSBC will block bank and credit card payments "that we reasonably believe are to cryptocurrency exchanges" to protect your Safety.

If you want to pay to a cryptocurrency exchange, please arrange an alternative.

However, if customers want to withdraw funds from a cryptocurrency exchange to an HSBC Australia bank account, they will not be affected. The announcement went on to quote data from the Australian Competition and Consumer Regulatory Agency, saying that in 2023, Australians lost 171 million Australian dollars just because of misbelief in investment scams, and the vast majority of transactions were paid through cryptocurrency.

HSBC Australia finally apologized for this "inconvenient" change and emphasized that the bank's top priority is to ensure the safety of customer funds.

It is reported that six other Australian banks, including Bendigo Bank, have also taken the same measures, all citing the "need to protect customers from investment fraud."

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