# No More Payments

> HSBC Australia Blocks Crypto Exchange Payments After $171M Scam

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-07-27
**URL:** https://paragraph.com/@aundingoya.eth/no-more-payments

## Content

Starting July 24, HSBC Australia will block payments to cryptocurrency exchanges due to a surge in scams. The move follows reports of Australians losing up to $171 million to fraudulent schemes. In an email, the bank explained that payments from both bank accounts and credit cards will be blocked to protect customers. However, payments coming from crypto exchanges will still be accepted. Bendigo Bank has also adopted a similar policy.

## Publication Information

- [aundingoya.eth](https://paragraph.com/@aundingoya.eth/): Publication homepage
- [All Posts](https://paragraph.com/@aundingoya.eth/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@aundingoya.eth): Subscribe to updates

## Optional

- [Collect as NFT](https://paragraph.com/@aundingoya.eth/no-more-payments): Support the author by collecting this post
- [View Collectors](https://paragraph.com/@aundingoya.eth/no-more-payments/collectors): See who has collected this post