HSBC Australia blocks cryptocurrency trading to prevent fraud

Odaily News HSBC Australia has notified customers that it has begun blocking payments to cryptocurrency exchanges since July 24, and the bank said the action was due to fraud. It is reported that in an email sent to customers on July 24, HSBC Australia explained its "new security measures" and said it would block payments from bank accounts and credit cards that it has reason to believe are conducting cryptocurrency transactions to protect the safety of users. (financemagnates)