Cuscal, the third-party payments provider for Binance Australia, has suggested that "scams and fraud" were the reason for its decision to offboard the firm on May 18. However, the company did not specifically mention Binance or crypto exchanges in its statement and declined to elaborate on why it pulled support for Binance Australia. Cuscal stated that it is committed to identifying and implementing detection services for its clients across the Australian payments system to protect Australians from financial crimes and scams. Binance Australia has suspended Australian dollar services with immediate effect, citing a decision made by its third-party payment service provider.
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