Westpac to Limit How Much Customers Can Send to Crypto Exchanges, With No Exceptions

Australia's Westpac will cap customer payments to crypto exchanges at A$10,000 per calendar month starting Dec. 1, rejecting further transfers it identifies and ending exchange support in branches. The bank says there are no exceptions to the limit. A major bank restricting fiat on-ramps reduces retail access to crypto in Australia and signals growing banking-sector friction with exchanges.