The world’s largest crypto exchange Binance’s crypto derivatives license in Australia has been revoked by the regulator.
Australian Securities and Investment Commission (ASIC) In a statement published on its official website on April 6, Binance derivative instruments of the stock market AFS license that you canceled announced.
Regulator after license revoked 14 April Binance customers from they cannot open new positions, to their current positions cannot add and customers 21st of April all open positions until they should close specified. Moreover not closed Your positions are also by Binance. will be closed added.
In addition, the cancellation of the license 8 April 2024 will continue until Australian Financial Complaints Authority on its membership that you have no effect underlined.
Binance recently announced that retail investors who were mistakenly registered as qualified investors in Australia closed their derivative positions by outside intervention, but that it would compensate the losses. Upon this An investigation was initiated by ASIC.
ASIC, Binance retail And wholesale sales customers classification activities of the stock exchange in Australia, including you’re reviewing And March 29 of the AFS license on cancellation or suspension on a hearing notice stated that it was published.