Australian Regulator: Banks Didn't Collude Over Bitcoin Account Closures
The Australian Competition and Consumer Commission (ACCC) has concluded that Australian banks did not collude in blocking services for bitcoin firms and that a full investigation into the affair is not necessary. According to the Australian Financial Review, ACCC chairman Rod Sims wrote to Senator Matthew Canavan of The National Party of Australia – the Queensland representative who had originally requested an investigation into the matter – saying there was no evidence that banks had colluded before closing bank accounts held by bitcoin companies. Sims further wrote that the commission's....
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