- Firms gave comments after yesterday’s incident
- And they claim that in Australia crypto flying is normal
Yesterday, the network was actively discussing the news that Binance Australia has suspended local currency deposits through PayID. The reason was the Westpac provider, which refused to cooperate with the crypto exchange. In this regard, the question is brewing whether this situation will repeat itself with other local blockchain firms.
The Cointelegraph edition polled local businesses. Most of them do not see the risks. So, the head of the Independent Reserve, Adrian Przhelezny, is sure that this is a “specific problem for Binance”, and not an industry-wide situation. The businessman hints at a series of unpleasant events that the global crypto-exchange has recently fallen into.
Director of BTC Markets Caroline Bowler also commented on the situation on her Twitter. She said the company is in close contact with its ISP, “especially regarding scams.” Therefore, customers do not have to worry about possible problems.
Kraken Australia regional director Jonathon Miller admitted that there are only a few cryptocurrency-friendly payment providers in the local market. But the crypto exchange has a “really strong relationship” with them. He added that the provider’s sudden move harms customers first of all. Therefore, it is “very unfortunate” for him to read the news about Binance’s problems.
However, experts do not exclude that in the future Australia may tighten business conditions for the industry.
