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Commonwealth Financial institution of Australia, a Sydney-based financial institution with multinational operations, has paused testing options permitting crypto gross sales on its app amid the crypto market downturn and regulatory uncertainty.
Commonwealth introduced plans to pilot crypto buying and selling and custody options in November of 2021. Customers may buy 10 property of bitcoin, Ethereum, Litecoin and different cryptocurrencies, with the potential so as to add extra options in 2022 after extra exams.
Nevertheless, Commonwealth paused rollout on Thursday with no present plans of resuming, in line with Guardian Australia,
Commonwealth CEO Matt Comyn cited UST and Luna crashes as the principle purpose for present market volatility, including that extra regulation can be wanted earlier than re-activating and advancing crypto buying and selling options.
