Australia fiat currency channel reopens: a leading exchange reconnects to the banking system

RektRecovery · 2026-01-19T08:52:16+00:00

The Australian branch of a leading exchange has restored fiat channels, allowing users to deposit and withdraw funds via bank transfer and PayID. This service, which was suspended in 2023, connects traditional finance with digital assets. The person in charge stated that fiat on and off ramps link traditional finance with digital assets, and future efforts will focus on regulatory frameworks and product development based on fiat currency.

RektRecovery

2026-01-19 08:52:16

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【Blockchain Rhythm】A major exchange’s Australia branch recently brought good news—after being sidelined by the local banking system for two years, they have finally reconnected with fiat channels.

Specifically, starting last week, the platform has restored bank transfer and PayID fiat deposit and withdrawal functions for Australian users. These services have been forced to be interrupted since 2023, and for the past two years, users could only rely on bank cards or direct crypto transfers to deposit and withdraw funds. Now they can finally use legitimate banking channels.

Matt Poblocki, the platform’s Australia and New Zealand regional head, mentioned that fiat on and off ramps are actually the lifeline connecting traditional finance and digital assets. He also revealed that next year’s focus will be on two directions: first, advancing the implementation and certainty of regulatory frameworks; second, developing more products based on fiat currency. It seems the industry has gradually realized that compliance and infrastructure development are key to long-term growth.

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AirdropHunterXiao

· 6h ago

Finally, after two years here in Australia, the channel has finally opened. I've waited so long that my flowers have withered.

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tx_pending_forever

· 6h ago

Australian banks have finally loosened up; is the two-year cold war finally coming to an end? Can this wave truly boost industry confidence, or is it just another false prosperity?

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GasFeeCrier

· 6h ago

Two years, two years, finally able to use normal channels? The banks here in Australia are really strict.

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LootboxPhobia

· 6h ago

Australia finally opened its doors? The two-year cold period was really intense. Now that the fiat on-ramp is smooth, it feels like the entire ecosystem is about to come alive.

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Rekt_Recovery

· 6h ago

bruh two years without proper fiat rails? that's just financial torture with extra steps lol. anyway glad they're finally back in the game, was getting tired of watching aussies jump through hoops just to cash out

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gm_or_ngmi

· 6h ago

Australia has finally relaxed its restrictions, and the two-year cold war is finally over. But this also shows that without fiat currency channels, it's really hard to play the game. No wonder so many people are complaining.

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