👀 After shutting down derivatives platform in Australia, Binance is reportedly still facing a probe from local regulators.
Australia is working with local authorities on meeting compliance requirements amid reports alleging the company’s offices were searched on July 4.
“We are cooperating with local authorities, and Binance is focused on meeting local regulatory standards in order to serve our users in Australia in a fully compliant manner,” a spokesperson for Binance Australia told Cointelegraph. The Australian Securities and Investments Commission conducted searches at Binance Australia locations on Tuesday, Bloomberg reported. The investigation was part of an ongoing probe of Binance’s now-defunct Australian derivatives business, the report notes, citing anonymous people familiar with the matter.
Binance’s representative did not confirm or deny to Cointelegraph whether the company’s offices were searched, or even whether the company was aware of a local probe.in April 2023. The move followed a targeted review of Binance’s operations in the country, particularly the platform’s classification of retail and wholesale clients.In response, Binance chose to pursue a “more focused approach” in Australia, opting to shut down derivatives trading in the country.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Binance Spot Trading System Upgrade Notice (2023-07-04) | Binance SupportFellow Binancians, Binance will perform a scheduled system upgrade starting at 2023-07-04 06:00 (UTC) . The upgrade will take approximately an hour . Major improvements in this upgrade include: Enh...
Baca lebih lajut »
Binance Will Support the Zilliqa (ZIL) and Waves (WAVES) Network Upgrades & Hard Forks | Binance SupportFellow Binancians, Binance will support the Zilliqa (ZIL) and Waves (WAVES) network upgrades and hard forks. The Zilliqa (ZIL) network upgrade will take place at 2023-07-05 08:00 (UTC). Deposits an...
Baca lebih lajut »
Australian regulator searches Binance’s office in derivatives probe: BloombergBinance’s office in Australia has been searched by local regulators as part of an ongoing probe into the cryptocurrency exchange’s derivatives business.
Baca lebih lajut »
Pendle Saw Massive 50% Surge, But Binance Listing Isn't Only ReasonBinance lists $PENDLE, sparking massive growth of the protocol's utility token
Baca lebih lajut »
Introducing Pendle (PENDLE) on Binance Launchpool! Farm PENDLE by Staking BNB and TUSD | Binance SupportFellow Binancians, Binance is excited to announce the 35th project on Binance Launchpool - Pendle (PENDLE) , a yield-trading protocol that separates a yield-bearing asset into its principal and yie...
Baca lebih lajut »
Binance Spot Trading Volume Dropped by 70% in Q2, 2023, Kaiko Analysts SayCryptocurrency analytics firm Kaiko shared its (very alarming) Q2, 2023, research of crypto industry trends
Baca lebih lajut »