Binance Australia has announced that it will be suspending Australian dollar (AUD) deposits and withdrawals via bank transfer. The suspension will take effect on May 18, 2023.
Binance Australia said that the decision to suspend AUD bank transfers was made by its third-party payment service provider. The company said that it is working to find an alternative provider to continue offering AUD deposits and withdrawals to its users.
In the meantime, Binance Australia users will still be able to deposit and withdraw AUD using credit or debit cards. Users will also be able to use the Binance P2P marketplace to trade AUD for cryptocurrency.
Binance Australia apologized for any inconvenience the suspension of AUD bank transfers may cause. The company said that it is committed to providing its users with the best possible trading experience and that it is working to resolve the issue as quickly as possible.