Source: https://decrypt.co/314261/australian-bank-ceo-apologises-freezing-customer-funds-bitcoin-transfer

In light of growing concerns over debanking practices, the CEO of Westpac, one of Australia's largest banks, has issued an apology. This apology comes as the Australian government takes steps to address the issue of debanking, which has left many individuals without access to essential financial services.

Debanking refers to the practice of financial institutions severing ties with customers or businesses, often without clear justification or explanation. This can have severe consequences for those affected, including limited access to banking services, difficulties in making transactions, and challenges in managing finances.

The Australian government has recognized the impact of debanking on individuals and businesses, and has taken steps to address the issue. In response to growing concerns, regulatory authorities have been urged to investigate debanking practices and