BPAY and Cash deposits are now re-enabled.
There is currently no timeframe to re-enable POLi Payment deposits.
The temporary restriction on AUD deposits will remain in effect until at least the first week of the new year. AUD Withdrawals, coin deposits, buy/sell orders and trading on the platform will continue to operate as normal. Buy orders will only be successful if you currently have AUD in your CoinSpot account.
We assure you we are just as unhappy with the situation as you but unfortunately Australian banks have been so far unwilling to work with the digital currency industry which leads to frequent account closures and strict limits on accounts whilst they remain operational, in effect debanking our industry.
As the demand for Bitcoin and other crypto assets skyrockets it is in everyone’s best interest to ensure we have regulated, safe and stable digital currency service providers instead of pushing Australian consumers underground, to potentially unsafe vendors. It is our purpose to drive safe adoption of crypto assets and we assure you that we will continue to work on establishing a relationship with a banking partner so we can resume accepting AUD deposits as soon as possible.
Thank you to everyone for their overwhelming support during this time and we are really excited for what looks to be a massive year ahead for our industry.
BPAY and any other transactions in transit will be credited to your CoinSpot account.