Westpac will impose a cumulative monthly limit of A$10,000 on deposits to cryptocurrency exchanges, effective December 1. This measure aims to combat cryptocurrency fraud risks, and the limit will apply to payments made from customer accounts and payment methods (including online banking, apps, credit cards, and debit cards) to identified exchanges. Once the cumulative monthly amount reaches A$10,000, the bank may decline additional eligible payments. The bank also stated it will cease supporting payments to cryptocurrency exchanges made through branches, but withdrawals from cryptocurrency exchanges to its accounts will remain unaffected.