The CEO of Westpac Bank publicly apologized for the incident of freezing customer accounts due to Bitcoin purchase transfers

ChainCatcher news, according to Decrypt, Westpac CEO Anthony Miller publicly apologized for the bank's decision to block a customer's transfer of 30,000 AUD to the cryptocurrency exchange CoinSpot and freeze the account.

This incident comes as the Australian government is actively promoting cryptocurrency regulatory reforms, requiring major crypto platforms to obtain financial services licenses to enhance transparency and reduce the issue of "de-banking."