Australia2026.10.29Odaily

AUD 10,000 Monthly Payment Cap: Westpac to Restrict Customer Payments to Crypto Exchanges

• Westpac will cap customer payments to cryptocurrency exchanges at AUD 10,000 per month.
• The measure is aimed at reducing scam and fraud losses linked to crypto exchange transfers.
• The policy reflects a broader trend among Australian banks tightening controls on crypto-related payments.