March 27 (Reuters) - The Australian federal court ⁠has ⁠ordered Binance's local ⁠unit to pay A$10 million ($6.9 million) for misclassifying over 85% of its Australian clients that exposed them to high ...

Australian court fines Binance A$10 million for misclassifying 524 retail clients as wholesale. Retail investors were exposed to high-risk crypto derivatives without proper legal protections. Binance ...

Binance Australia has been directed to appoint an external auditor by the country's anti-money laundering (AML) regulator. Australian Transaction Reports and Analysis Centre (AUSTRAC) said it has ...

Between July 2022 to April 2023, the exchange classified more than 500 retail investors as 'wholesale clients,' allowing them to trade crypto derivative products. On Wednesday, the Australian ...

An Australian court has ordered the local derivatives arm of cryptocurrency exchange Binance to pay a penalty related to onboarding failures that caused users millions in losses and fees. Binance ...

The Australian Transaction Reports and Analysis Centre (Austrac) has taken decisive action against Binance, the world’s largest cryptocurrency exchange in terms of trading volume and scope of ...

Australian authorities have intensified efforts to combat crypto scammers impersonating Binance, the world's largest cryptocurrency exchange by trading volume. The Australian Federal Police (AFP), ...

Dec 18 (Reuters) - Australia's corporate watchdog said on Wednesday that it has sued the local derivatives business of cryptocurrency exchange Binance, alleging that its retail customers were denied ...

Beleaguered crypto company Binance must tighten up its compliance controls covering anti-money laundering and counter-terrorism and add an independent auditor if it wants to keep doing business in ...

Since mid-2023, Binance Australia users have only been able to deposit or withdraw fiat funds from their crypto exchange accounts via debit or credit card. Crypto exchange Binance has reintroduced ...

Binance Global exchange halted withdrawals Monday in a “temporary suspension” that affects all its users, as did other exchanges such as Coinbase. It’s not uncommon for exchanges to have downtime or ...