Binance Australia partner hints at rising ‘scams’ after debanking exchange By Cointelegraph

The third-party payments provider for Binance Australia, Cuscal, hinted at the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange.

Binance Australia on May 18 announced it would be suspending Australian dollar fiat services in Australia after a decision from a “third-party payment service provider” — this turned out to be a financial services company Cuscal.