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Binance Australia’s Offices Searched by Financial Regulator: Bloomberg

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The offices of Binance_AUS were searched by Australian regulator asicmedia on Tuesday, according to a media report. By jackschickler.

, following an investigation into how it classified clients as professional wholesale investors, as they can get fewer regulatory protections than regular retail customers.

"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 Binance Australia spokesperson told CoinDesk in an e-mailed statement.

 

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