Binance Australia has suspended deposits and withdrawals of Australian dollars via PayID and bank deposits for Australian users due to a decision made by a third-party payment partner. The company is still operating debit or credit on its peer-to-peer marketplace. Binance Australia is working hard to find an alternative provider to continue offering AUD deposits and withdrawals. The third-party company, Cuscal, stated that Binance failed to meet its strict compliance requirements. This latest setback for Binance comes at a time when the exchange is facing increased scrutiny from regulators around the world.
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