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Australia Cancels Binance's Derivatives Business License: Here's Why | HackerNoon

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Last week, ASIC issued a hearing notice, under the Corporations Act 2001, to determine whether to cancel or suspend Binance’s AFS license. - binance cryptocurrency

The Australian Securities & Investments Commission announced the cancelation of the “Australian financial services licence held by Oztures Trading Pty Ltd, trading as Binance Australia Derivatives ” Binance

has chosen to pursue a more focused approach in Australia by winding down the B finance business. Binance will continue to serve as a member of Australian Financial Complaints Authority until the end of April 2024.

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