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End of the road for Xinja bank, its website goes blank

The website of Xinja Bank has gone blank several days after APRA revoked its ADI license.

The Australian Prudential Regulation Authority revokes the authorised deposit-taking institution (ADI) licence of Xinja Bank.

Xinja would be withdrawing its Transaction and Savings account products and returning its banking licence.

APRA has granted TransferWise Australia Pty Limited a licence as a limited authorised deposit-taking institution (ADI).