The banking sector is seeing a rise in the incidents of fraud due to cryptocurrency scams. Some financial institutions are making decisions to block some platforms and exchanges that allow these types of digital transactions.
We are monitoring the situation and reviewing our position on the types of transactions our systems can accept. We will advise of any updates.
Cryptocurrency is a volatile investment and Qudos Bank recommends members conduct independent due diligence before authorising any transaction.
Protect yourself through education, learn more about investment scams at https://www.scamwatch.gov.au/types-of-scams/investments/investment-scams
Published Friday, 19 May 2023
