Australian businesses are turning their backs on bitcoin following the move by Australian banks last month to close bitcoin exchanges' accounts, according to Reuters. Australian banks last month announced plans to close the accounts of 13 of the country's 17 bitcoin exchanges. The development is a blow to bitcoin’s chances of becoming a mainstream currency since Australia was considered one of its most promising bitcoin markets. Australia is estimated to hold 7 percent of bitcoin’s $3.5 billion global value, a sizeable figure in a country of just 24 million people. "We've got a squeaky clean reputation, and that's actually worth […]
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