ASIC cancels Binance Australia?s financial services licence
Australia?s financial regulator has cancelled the licence of the world?s biggest cryptocurrency exchange, Binance,
Australia?s financial regulator has cancelled the licence of the world?s biggest cryptocurrency exchange, Binance,
The move by the Australian Securities and Investments Commission (ASIC) means clients will no longer be able to increase their derivatives positions or open new ones with Binance, from April 14.
Existing derivative positions must be closed by April 21.
ASIC?s terms of the cancellation state that Binance must continue as a member of the Australian Financial Complaints Authority until April 8, 2024.
Earlier this year, ASIC found that Binance had incorrectly classified hundreds of retail customers as wholesale investors, giving them less legal protections.
More: https://www.news.com.au/finance/money/investing/asic-cancels-binance-australias-financial-services-licence/news-story/a8179e3ae8285cc970468df7023ee0e5
Australia?s financial regulator has cancelled the licence of the world?s biggest cryptocurrency exchange, Binance,
Australia?s financial regulator has cancelled the licence of the world?s biggest cryptocurrency exchange, Binance,
The move by the Australian Securities and Investments Commission (ASIC) means clients will no longer be able to increase their derivatives positions or open new ones with Binance, from April 14.
Existing derivative positions must be closed by April 21.
ASIC?s terms of the cancellation state that Binance must continue as a member of the Australian Financial Complaints Authority until April 8, 2024.
Earlier this year, ASIC found that Binance had incorrectly classified hundreds of retail customers as wholesale investors, giving them less legal protections.
More: https://www.news.com.au/finance/money/investing/asic-cancels-binance-australias-financial-services-licence/news-story/a8179e3ae8285cc970468df7023ee0e5