**[Binance Australia Reopens Fiat Channels Locally]** BlockBeats News, January 19, as reported by Cointelegraph, Binance Australia has reopened fiat channels locally after being "de-banked" by the local banking system for two years. Starting last week, Binance Australia resumed fiat deposit and withdrawal services via bank transfers and PayID. Previously, these services were forced to halt in 2023, leaving only credit card or crypto asset options for deposits and withdrawals. Binance's Head of Australia and New Zealand, Matt Poblocki, stated that fiat on/off ramps are a critical foundation for connecting traditional finance with digital assets. He also mentioned that regulatory certainty and fiat-based product expansion will be the core focus by 2026.