Australian Bank Bitcoin Crackdown Could Fuel Startup Flight

By September 22, 2015Bitcoin Business

sydney australia A bitcoin business in Australia is eyeing banking opportunities abroad following a perceived crackdown from banks in the country.

The comments, made by Andrew Smith, the general manager of BuyaBitcoin follow on from reports that various Australian banks have decided to shut the accounts of some 17 bitcoin operating businesses.

Smith confirmed that BuyaBitcoin – founded in 2014 – had "experienced bank closures in Australia recently". He told CoinDesk: "It’s an Australia industry-wide issue. […]

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