Commonwealth Bank (CBA), in order to protect customers from scams, will restrict payments to cryptocurrency exchanges.

The Australian bank has announced that on Thursday it will refuse “certain payments” or hold them in a holding account for 24 hours. This time period could be different.

In the coming months, the bank plans to limit payments to crypto exchanges to a maximum of 10,000 Australian Dollars ($6,700).

James Roberts said that the new measures will reduce the number of scams as well as the money that customers lose.

Commonwealth follows in the footsteps of Westpac, a fellow Australian bank that banned transfers to Binance and certain other platforms last month. A number of U.K. Banks have also placed limits on payments made to exchanges.

Read more: UK to ban cold calls selling financial products, including crypto

Parikshit Miishra is the editor.