The Australian Securities and Investment Commission (ASIC) searched Binance’s offices in the country as part of an investigation into its derivatives services.
According to a report published by Bloomberg on July 5, ASIC, Binance’s Australian offices an ongoing of the review visiting as part of took a scrutiny And Found some searches.
Binance Australia terminated the research in recent months. derivative investment instruments services stated to be related. Binance accidentally released it last February. qualified investor individual investors labeled as derivatives allowed to access After the error was noticed, these investors’ positions in derivative instruments were changed. outside interference by finding had liquidated. on the incident ASIC, Binance Australia’s derivative investment instruments providing the service had his license revoked.
Commenting on the matter, an ASIC spokesperson said the institution’s continuing the investigation He also used the following expressions:
We do not confirm or deny any operational details such as possible calls.
On the other hand, Binance is dealing with local authorities. in cooperation and its users in Australia with local regulations completely compatible to provide a service to meet the standards He said he was focused.
Recently Binance France unit also Paris Prosecutor’s Office was visited by Binance CEO Changpeng Zhao (CZ) This situation is quite common in the financial world. common He claimed it was a fact.