Stormrake says debanking is the biggest barrier to Bitcoin adoption in Australia
- —Stormrake reported about $8 million in blocked or delayed payments in January–February 2026
- —Industry-wide losses over the same two-month window are estimated at over $50 million
- —Affected transactions ranged from small amounts to individual payments above $750,000
- —Commonwealth Bank, Macquarie and Westpac imposed restrictions, citing AML and fraud risk
Why it matters: Debanking is cutting Australian crypto firms off from banking rails despite AUSTRAC guidance against sector-wide restrictions.
Source: Crypto Briefing