The suspension of Australian dollar deposits and withdrawals that started in mid-2023 due to banking and regulatory issues has been lifted by Binance Australia.
In January 2026, the service became completely accessible to verified users. Once again, customers can use PayID and regular bank transfers, including quick PayID deposits, to transfer money directly between their bank accounts and Binance.
After testing with a small user base in late 2025, AUD services were gradually reinstated. All verified Australian users are now covered by the broader rollout, which eliminates limitations that required users to rely on cards, peer-to-peer transactions, or outside services.
The original suspension followed Binance losing access to key local banking partners amid heightened regulatory scrutiny. During that period, card payments remained available but were often slower and more expensive.
Binance said the restoration follows extensive engagement with regulators and upgrades to its compliance framework, including stricter anti-money-laundering controls. For Australian users, the return of AUD rails restores essential exchange functionality missing for nearly two years.
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