Stormrake says debanking is the biggest barrier to Bitcoin adoption in Australia

The Melbourne Bitcoin brokerage reports approximately $8 million in blocked or delayed payments as major banks tighten access Australia’s Bitcoin businesses have a banking problem, and Stormrake says it is costing real money. The Melbourne-based Bitcoin brokerage and custody provider reported approximately $8 million in blocked or delayed payments across January and February of 2026. The cause, according to the company, is debanking by some of the country’s biggest lenders. Stormrake director Bisher Khudeira is not mincing words about the stakes. On October 12, 2026, he said debanking is the main factor holding back Bitcoin adoption in Australia.

Source: Crypto Briefing