Regional crypto news across Oceania, covering Australia, New Zealand, and Pacific islands; regulation, exchanges, mining, startups, and Web3 adoption.
Westpac, one of Australia's big four banks, will block payments to crypto exchanges it deems as "high-risk" in order to reduce scam losses.
Monika Ghosh 2 min read 
Several Binance subsidiaries are struggling to find new banking partners following increased regulatory scrutiny.
Binance abruptly closed the derivatives position for its Australian users in February, citing compliance with local laws.
OKX has continued its global expansion efforts with recent revelations that it wants to open an office in Australia.
Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by Marqeta in a March 20 press release.
Binance said it has informed the impacted users and they would be fully compensated for their losses, according to its statement.
The Australian regulators issued 3 notices to FTX and was surveilling the exchange in the 8 months before it collapsed.
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
Digital Surge are set to repay customers with a balance of up to $250 AUD in full and balances above that 55% of their balance.
