Payment room
Digital currency is included in the betting payment ban
ACMA states that digital currency such as cryptocurrency cannot be used to make payments to online and telephone wagering services from 11 June 2024. That rule applies to the payment category regardless of whether a transfer is direct or passes through a wallet. It also does not create permission for online casino services, which are separately prohibited from being offered to people in Australia.
- ADigital currency included
- BOnline and phone wagering
- CNo casino exception
Payment room
Irreversibility changes the fraud risk
A blockchain transfer sent to the wrong address is generally not reversible by a bank. Address-substitution malware, fake wallet prompts and impersonated support accounts exploit that finality. Never share a seed phrase or private key, and independently verify any address involved in an existing dispute rather than trusting a copied chat message.
- ATransfers are generally irreversible
- BVerify addresses
- CNever share wallet secrets
Payment room
Network records are useful but not complete
A transaction ID can show that a transfer reached an address; it does not prove who controlled the address, how an account ledger credited it or whether the service was lawful. Network fees and asset-price movement can also change the effective value. This page explains those records without providing a funding tutorial.
- ATransaction IDs have limited scope
- BValue can move
- CNo funding tutorial