WESTPAC: AUSTRALIAN 🇦🇺 BANK Putting the squeeze on crypto… Westpac May Cap Crypto Exchange Payments at A$10,000 a Month From Dec. 1 Australian bank Westpac said that from Dec. 1 it may limit payments it identifies as going to crypto exchanges to a cumulative A$10,000 a month. The limit applies across a customer's Westpac accounts, online banking, app, credit and debit cards, and exemptions or higher limits are not available, the bank said. Westpac cited National Anti-Scam Centre data showing almost half of reported scam losses last year involved crypto. Australian bank Westpac said it may cap payments that it identifies as going to crypto exchanges at A$10,000 a month per account holder from Dec. 1, citing the share of scam losses tied to crypto. The limit affects Westpac customers who fund crypto exchange accounts from the bank, while withdrawals from exchanges back to Westpac accounts are unchanged. "From 1 December 2026, we may limit payments we reasonably identify as being made to cryptocurrency exchanges to a $10,000 cumulative monthly limit," Westpac said on its website. https://t.co/znqokVlzQG