National Australia Bank blocks payments to ‘high-risk’ crypto exchanges

National Australia Bank said it had blocked some payments to high-risk cryptocurrency exchanges over the past few months to protect its customers.

The Australian lender said it’s taking action to block some payments to ‘high-risk’ crypto exchanges, but it didn’t disclose the platforms involved.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.National Australia Bank said it had blocked some payments to “high-risk” cryptocurrency exchanges over the past few months to protect its customers.

“We’re now also taking action to block some payments to high-risk cryptocurrency exchanges in a further effort to stop scammers,” he added, without elaborating on the specific exchanges involved.Stricter banking on crypto scams NAB said nearly 50% of scam funds reported to the Australian Financial Crimes Exchange were linked to cryptocurrency in a recent 30-day period.

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