Thread by @CryptoKingKeyur

🚨 BREAKING: 🇦🇺 MAJOR AUSTRALIAN BANK TO BLOCK #CRYPTO PAYMENTS 😱

A thread 🧵

1️⃣ The largest bank in Australia, Commonwealth Bank, just dropped a bombshell!

👉 They're planning to BLOCK payments to #crypto exchanges 😱

https://twitter.com/carobowler/status/1666665937133797376

2️⃣ According to James Roberts, a Commonwealth Bank executive, the bank is concerned about the "HUGE scale of investment scams" involving #crypto exchanges.

3️⃣ Just a few weeks ago, another major Australian bank, Westpac, banned customers from transacting with the popular #crypto exchange #Binance.

4️⃣ Commonwealth Bank is not disclosing publicly or to its customers which payment types they will block or hold.

5️⃣ CBA plans to impose a $10,000 monthly limit on customers sending funds to #crypto exchanges to purchase cryptocurrencies.

6️⃣ James Roberts claims that "scammers globally are capitalizing" on #crypto's popularity.

7️⃣ Just a year and a half ago, Commonwealth Bank was all set to launch #crypto trading services for its millions of users.

8️⃣ Why is the CEO of Commonwealth Bank, Matt Comyn, flip-flopping on his stance?

👉 He once saw the risks but believed in the future of #crypto.

👉 What made him change his mind?

9️⃣ The bank claims these measures are for customer protection, but is that the real reason?

👉 Or are they trying to suppress the rising power of #crypto?

🔟 We must stand together!

👉 The big banks are feeling threatened, and they're trying to control our financial destiny.

👉 Let's not allow them to manipulate us!

👉 It's time to fight for our right to financial freedom 💪

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https://twitter.com/cryptokingkeyur/status/1666778646491836416