Stormrake, a Melbourne-based Bitcoin brokerage, reported approximately $8 million Australian dollars in blocked or delayed payments between January and February 2026. The broader industry saw over $50 million Australian dollars in disrupted transactions during the same period, ranging from small amounts to individual payments exceeding $750,000. Commonwealth Bank, Macquarie, and Westpac are restricting access to cryptocurrency businesses, citing fraud risk and anti-money laundering compliance. AUSTRAC issued guidance in September 2026 recommending against sector-wide debanking and urging individual risk assessments, but businesses say this guidance remains insufficient to operate effectively.
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