News Formal

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

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines