Australian Lender NAB Blocks Some Payments to ‘High-Risk’ Crypto Exchanges
- Lender’s curbs affect ‘high-risk’ digital-asset platforms
- NAB says it’s trying to tackle rapid growth in crypto scams
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National Australia Bank Ltd. blocked some payments to “high-risk” crypto exchanges, joining the country’s other big lenders in curbing access to digital-asset platforms on concerns about risks from scams.
“These scammers are part of organized, transnational crime groups,” Chris Sheehan, executive for group investigations and fraud at NAB, said in a statement. “Increasingly, we’re seeing them use cryptocurrency platforms to send stolen funds quickly and often overseas.”