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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. NAB will block certain payments to high-risk cryptocurrency exchanges in an effort to reduce scam losses. National Australia Bank is blocking some cryptocurrency payments amid a nationwide wave of crypto scams.
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NAB expects to be supporting select corporate and institutional clients to transact using digital assets by the end of Updated NAB Economics research conducted in May included a consumer panel of 2, adults weighted to the Australian population. Evening Standard. Scammers will often use cryptocurrency, such as bitcoin or ether, because they are harder to track.