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Binance Australia’s derivatives license revoked amid regulatory intervention

The Australian Securities and Investments Commission (ASIC) has nullified Binance‘s derivatives license, compelling the world’s biggest crypto exchange to liquidate all extant positions by April 21. The regulatory body’s decision emerges in response to a meticulous examination of Binance’s operations.  ASIC has voiced apprehensions regarding the firm’s classification of retail and wholesale clients, which bears […]
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