Australian Banks Cleared of Colluding Against Bitcoin Companies

Australian Banks Cleared of Colluding Against Bitcoin Companies

Following an investigation, a Australian Competition and Consumer Commission (ACCC) has privileged Australian banks of colluding to repudiate banking services to internal bitcoin companies in a country.

An review requested by Senator Matthew Canavan suggesting a ACCC should demeanour into a probability of banks colluding together to tighten a bank accounts of bitcoin companies has resulted in a regulator final that a banks did no wrong, as reported by a Australian Financial Review.

In response to a request, ACCC authority Rod Sims wrote to a senator revelation him that there was no justification found that banks had colluded before to a closure of during slightest 17 bitcoin companies’ bank accounts.

Having seen a letter, a announcement also suggested that a ACCC had contacted several banks to interpretation that nothing of them had acted opposite a interests of competition. Furthermore, Sims also wrote that banks had a right to select who they dealt with. He also suggested that any behind had acted away while denying services to internal bitcoin companies.

As reported by



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