on 30-12-2017 11:25 AM
NAB, ANZ, Commonwealth and Westpac have all been targetting cryptocurrency exchanges, freezing their accounts or setting limits. This doesn't seem acceptable at all if you want people to adopt cryptocurrency in a safe way.
So what is Bankwests official position on Bitcoin and other Cryptocurrencies? Do they plan to target exchange owners? Would they do these things to regular investors?
I need to find out if Bankwest is crypto-friendly, if not i need to find another bank ASAP.
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01-01-2018 12:44 PM - edited 01-01-2018 12:45 PM
Bankwest operates as a division of the Commonwealth Bank of Australia, as it was purchased by the CBA back in '08. I would imagine that the policies of BW would be inherited from it's parent company (as a conservative default assumption). I'm also interested in BankWest's official position on cryptocurrency, as I'd rather operate on information rather than assumption. Thanks for the question! Bankwest...? Anyone...?
on 04-01-2018 10:32 AM
Hi @leavebitcoinalone & @PaulaD, thanks for your patience whilst I've looked into this for you.
I can confirm that Bankwest does not currently, actively block any specific crypto currency trades/transactions. However, we will always reserve the right to take action on any potentially inappropriate transactions, as it is our priority to ensure the security of our customers' funds.
Hope this helps!
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