The Australian Bank Prohibits the Usage of Mortgage Funds for Cryptocurrencies

One of the oldest financial institutions in Australia - the Bank of Queensland, prohibits the use of loans for the purchase of equity for speculation with digital assets. Such a decision is explained by fears about the growing regulation of supervision over the cryptocurrency sector in the country.

The Bank of Queensland has forbidden its clients to use loans that are used for speculation with crypto assets. This is due to concerns about the strengthening of regulatory supervision of cryptocurrencies in Australia. Contracts that were issued by the bank will now warn potential borrowers.

Australian regulators are increasingly targeting cryptocurrencies

Mortgage brokers, today discuss the concerns of financial institutions concerning speculation with digital currencies. In their opinion, creditors increasingly control the accounts of debtors.

#Australia, #Bank of Queensland, #cryptocurrencies