Binance Australia Says Banking Disrupted as Payment Provider Cuts Service

The Australian arm of Binance, the world's largest crypto-currency exchange, on Thursday said some customers there will be unable to deposit or withdraw money after a third-party service provider cut off its service, Reuters reported. Binance said on social media that users would be unable to make Australian dollar deposits by bank transfer with immediate effect after payments provider Cuscal cut access. Withdrawals would also be cut off, it said, without detailing when. "We are working hard to find an alternative provider to continue offering AUD deposits and withdrawals to our users," Binance said in a statement. The Australian Financial Review separately reported Westpac Banking Corp., the country's second-largest retail bank, banned customers from transacting with Binance. Read more.