Australian Banks Unfriendly Towards Digital Currency


Australian Banks are turning their backs on Bitcoin. Although the digital currency is still receiving a lot of attention in other countries, the changing attitude in Australia could put an end to the industry’s momentum in Australia. According to Reuters, this has forced at least 13 digital currency providers out of business.

Even though Bitcoin has gained a lot of popularity in these last few years, Australian Banks are claiming that there are still a lot of concerns about safety and other issues such as money laundering and terrorism finance around digital currency. These were the primary concerns keeping bitcoin from becoming a mainstream means of payment and what made the Australian Banks

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When digital currencies started to gain momentum,

Read more ... source: TheBitcoinNews