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Westpac to cap crypto payments at A$10,000 monthly from December

Westpac to cap crypto payments at A$10,000 monthly from December
AI summary

Westpac will cap crypto-related payments at A$10,000 per month starting in December, with no exemptions or higher limits available. Withdrawals from crypto exchanges into Westpac accounts remain unchanged. The move restricts how much Australian customers can send to crypto platforms, a headwind for on-ramp flows at a major bank.

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