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PANews news on July 17, according to coingape, the National Australia Bank (NAB) has intensified its review of cryptocurrencies in the past four months, citing the risk of fraud, blocking some payments to "high-risk" cryptocurrency exchanges. , involving more than 270 million Australian dollars, but did not disclose the specific platform. Westpac, Commonwealth Bank of Australia and ANZ have also taken similar steps in the past few weeks to prevent users from making payments to high-risk cryptocurrency exchanges.


The National Australia Bank (NAB) sees cryptocurrency scams as a fast-growing security threat, costing Australians A$221 million ($151 million) last year. Based on scams reported to the Australian Financial Crime Exchange in the past 30 days, almost 50% of scams are related to cryptocurrencies. The NAB did not report specifically on the cryptocurrency exchanges affected by the move, but marked them as "high risk."
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