Binance Australia Banks Cut Off: Crypto Regulated as Gambling?

• Binance Australia has experienced banking disruption after a third-party service provider cut off its money deposit and withdrawal services.
• A panel of UK lawmakers recommended that Bitcoin, ether, and other cryptocurrencies should be regulated as gambling.
• Coinbase announced the expansion of its zero-fee subscription service Coinbase One to include customers from U.S., U.K., Germany, and Ireland.

Banking Disrupted by Third-Party Service Provider

The Australian arm of Binance, the world’s largest cryptocurrency exchange, said some customers there will be unable to deposit or withdraw money after a third-party service provider cut off its service.

Crypto Regulated As Gambling?

Bitcoin, ether, and other cryptocurrencies should be regulated as gambling according to a report from a panel of UK lawmakers given they are potentially used by fraudsters and pose significant risks to consumers.

Coinbase Launches Subscription Service

Coinbase took its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany, and Ireland. For $29.99 per month, customers don’t pay trading fees and get higher staking rewards with this subscription service.

BTC/USD Dropped 2.3% in Last Session

The Bitcoin-Dollar pair dove 2.3% in the last session according to Stochastic indicator which is giving a positive signal at current price levels with support at 26286