Great post @gungunkrishu
If you have Australian dollar in the binance Australia exchange then you can buy 1 $BTC at a discount of almost $5K which means you can get ONE $BTC for close to $34K+ Australian dollar which is approximately $22K+ American dollar.
It's quite confusing. Is the discount actually favouring Australians, or the value of their fiat to American dollar is massive ?.
Ideally, we have faced similar situation in other countries as well, like in India we saw it also where many banks were not allowing the crypto exchanges bank deposits and withdrawal services and there was this panic selling all across the Indian exchanges.
We are also facing similar situation in my country, but crypto users can use the p2p medium very well. When making payment by bank transfers, we don't specify "crypto currency" in the description of the payment. Crazy idea right !!!.
RE: Bitcoin selling for $5K cheaper on Binance Australia - BUT why?