News with the tag "Binance Australia"

ASIC sues Binance Australia for misclassification of clients. Interpol targets Hex’s founder with a Red Notice. Tornado Cash updates emerge.

The Australian financial services regulator has sued Binance Australia Derivatives for allegedly misclassifying over 500 retail clients, denying key legal protections.

Australian Securities and Investments Commission has filed a lawsuit against Binance Australia Derivatives alleging failure to comply with consumer protections. Binance Australia derivatives exchange trading as Oztures Trading Pty Ltd misclassified over 500 clients as wholesale clients. ASIC Files L...

ByBit, Crypto.com and OKX’s net asset inflows have also increased by $301.4 million, $107.8 million and $97.7 million over the last 24 hours.

In the midst of turbulence in the crypto sector, a silver lining emerges from Down Under. Ben Rose, the General Manager of Binance Australia, displays an unwavering optimism regarding Australia’s impending regulations on digital assets. While the crypto world has faced challenges from both the finan...

Ben Rose is hopeful that Binance Australia’s banking woes will be relieved by positive regulation in the future.

Summary: Australia’s securities regulator searched the office premises of Binance Australia as part of an ongoing investigation, Bloomberg reported. This comes after the platform’s derivatives license was revoked in April after a mass liquidation incident that affected local users. Binance announced...

Binance Australia, the regional subsidiary of the world’s largest cryptocurrency exchange, has reportedly been searched by the Australian Securities and Investments Commission (ASIC), according to a report by Bloomberg. The search forms part of an ongoing investigation into the company’s now-defunct...

Crypto assets such as Bitcoin are trading at a significant discount on the platform. Continue reading at DailyCoin.

CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank.