Binance Australia brings fiat back after being debanked for 2 years

Since mid-2023, Binance Australia users have only been able to deposit or withdraw fiat funds from their crypto exchange accounts via debit or credit card.

Crypto exchange Binance has reintroduced direct bank transfers in Australia two years after the exchange was abruptly “cut off” from the Australian banking system. 

As of last Friday, Binance Australia has relaunched direct fiat bank and PayID deposits and withdrawals to its Australian users. 

The rollout began with a small group of users last year, according to a statement on Monday shared with Cointelegraph.  

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