Westpac has set a monthly limit of 10,000 Australian dollars for cryptocurrency payments starting from December

According to The Defiant, Australian bank Westpac announced that starting in December, it will set a monthly limit of 10,000 Australian dollars on payments involving cryptocurrency for its customers, and it will not provide exemptions or arrangements for higher limits.

Westpac also stated that withdrawals from cryptocurrency exchanges to Westpac accounts are not affected by this adjustment and will continue to be processed as before.