Australian retail lender Bank of Queensland is updating its borrowers’ loan contracts to keep them from purchasing cryptocurrency using mortgage funds. Brisbane-based Bank of Queensland, a retail bank listed on Australia’s primary stock exchange is discouraging its borrowers from using real-estate mortgages to purchase cryptocurrency after deeming it a high-risk investment, according to the Australian

The post Bank of Queensland Bans Crypto Purchases Using Home Equity Loans appeared first on CCN

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