Binance Australia Derivatives’ license was cancelled by the ASIC - Australian Securities and Investments Commission. This happened following a careful monitoring of Binance's operations on Australian territory.
On an official document, ASIC wrote: “ASIC has today canceled the Australian financial services license held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives”.
The consequence of canceling the license will lead to many inconveniences for clients, including the inability to increase derivatives positions or open new ones. All of this will remain blocked until April 14th but updates will follow.
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.