news from this country is not very influential, China is still a legit news to make bitcoin bubble. during the Chinese New Year to finished bitcoin doesn't being a bubble
Influential or not, still a news that would possibly be a moving force in the market since it's still positive no matter how you look at it. Good for our Aussie mates since here in our country (Philippines), once they found out that your funds came from a service that deals with crypto, they'd block your account without any warnings just like what happened to our supplier of video cards here. The bank (BDO) noticed that the person cashes in millions every month and the funds came from an exchange. In return, the bank suspended the account due to it receiving funds from "unknown sources" that could come from "illicit activities and fraud". Such a shame though, but I guess that's what would happen if a certain entity isn't doing their own research.
Thats a shame that even though person had a decent way of earning money from cryptocurrency there are banks that will suspend your account for unknown malicious reason, but considering the Philippines where there are multiple million dollar scams and political corruption you still cannot blame the banks. However the move of Australia's banks to make purchases and possible convert them to fiat directly is a very good move for their countries advancement in the cryptocurrency market and at least many countries would follow their steps.