[Westpac to Limit Monthly Payments to Cryptocurrency Exchanges by AUD 10,000] Odaily Planet Daily reports that Bitcoin News, in an article published on the X platform, stated that Westpac Australia will set a monthly payment cap of AUD 10,000 for customers making payments to cryptocurrency exchanges, effective December 1st. Once the cap is reached, Westpac may refuse to recognize payments as intended for cryptocurrency exchanges. This limit is calculated across all Westpac accounts made through online banking, the Westpac app, and credit and debit cards, with no exemptions or higher limits. Westpac does not support payments to cryptocurrency exchanges at its branches; transfers from exchanges to Westpac accounts are unaffected. Westpac stated that this move aims to combat fraud, citing data from the Australian National Fraud Centre that 46% of reported fraud losses last year involved cryptocurrencies. Customers purchasing more than AUD 10,000 worth of Bitcoin per month will need to fund the excess through an alternative bank.