Australia Investigating Possible Collusion in Bitcoin Account Ban

Major banks in Australia are shutting down accounts of bitcoin traders… without formal notifiacation.. but appears to be due to tougher rules on money laundering and terrorism finance. The Australian Competition and Consumer Commission is launching an investigation to look a little deeper to banks shutting down the accounts… Senator Canavan who was part of a recent Senate Committee looking at Bitcoin and other cryptocurrencies says, “It appears to me to be an amazing coincidence that a number of large banks have all of a sudden decided to deny services to fledgling Bitcoin and digital currency operators.” Canavan says it also appears to be some type of coordinated attack on the digital currency industry.