From Debanking to “Fiat Is the Foundation”

[madtrader]

Binance Australia’s banking troubles began abruptly in 2023, when its team was notified overnight that it would be cut off from the banking system. Its payment provider at the time, Cuscal, later said it was tightening standards to reduce scams and fraud, leaving Binance users reliant on cards or crypto-only transfers.

Now, the narrative has shifted. Speaking on Binance Beach Weekly, Poblocki said 2026 will be defined by regulatory certainty — and that fiat will be the foundation for everything that follows. With bank transfers restored, Binance is signaling a renewed focus on compliance, user access and rebuilding trust at the interface between crypto and traditional finance.

[nihalsari]

getting cut off overnight in 2023 was wild, glad that era might finally be over