Australian Markets Regulator Is Reviewing Binance Australia's Derivatives Services

Binance Australia derivatives business reviewed by regulator

Binance incorrectly classed a group of Australian consumers as wholesale investors

Australian Markets Regulator Is Reviewing Binance Australia's Derivatives Services

Binance said on Thursday that it had incorrectly tagged 500 Australian users as "wholesale investors."

ASIC reviews Binance’s local derivatives business

The Australian Securities and Investments Commission is conducting a “targeted review” of the local derivatives business of Binance, the world’s largest crypto exchange.

Australia’s ASIC Reviewing Binance’s Local Derivatives Business

The Australian Securities and Investments Commission said it’s conducting a “targeted review” of the local derivatives business of Binance, the world’s largest crypto exchange.

ASIC Reviews Binance Australian’s Derivatives Business Over Account Closure

The Australian Securities and Investments Commission (ASIC) is currently reviewing Binance Derivatives in Australia, according to a spokesperson from ASIC. The review is aimed at the company's classification of retail and wholesale clients.

Aussie regulators review Binance Australia Derivatives over account closures

The Australian Securities and Investments Commission will conduct a “targeted review,” including the company’s “classification of retail and wholesale clients.”