[Coinbase: Major Australian Banks Impose 'Unlawful Regulatory Ban' on Crypto Companies] According to Decrypt, cryptocurrency exchange Coinbase has filed a formal complaint with the Australian Parliament, accusing the country's four major banks (Commonwealth Bank, Westpac, ANZ, and NAB) of systematically refusing to provide financial services to legitimate crypto companies, claiming that this practice has developed into a 'systemic feature.' Given that the four major banks control the majority of transaction accounts and payment channels, these account closures effectively constitute an 'unlawful regulatory ban,' excluding legitimate industries from the formal economy. The complaint cites data showing that as of 2021, up to 60% of fintech companies had experienced bank service refusals, and the issue remains unresolved to this day. Coinbase is urging lawmakers to mandate that banks implement five transparency measures, including requiring banks to record and inform customers of the reasons for account closures, ensuring affected customers have access to internal dispute resolution processes, providing at least 30 days' notice before shutting down core services, and conducting self-compliance certifications. These measures were proposed by the Australian Financial Regulation Committee in 2022 but have yet to be enacted into law.