Binance Australia Restores Fiat Channels After Two-Year Hiatus

2026-01-19 16:50

Binance Australia has reinstated its fiat currency channels, allowing bank transfers and PayID deposits and withdrawals, after a two-year suspension due to local banking system challenges. The services, which were halted in 2023, had previously limited users to transactions via credit cards or cryptocurrencies. Matt Poblocki, head of Binance Australia and New Zealand, emphasized the importance of fiat on- and off-ramps as a fundamental link between traditional finance and digital assets. He also highlighted that regulatory certainty and fiat-based product expansion will be key focuses in 2026.

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