The Australian Securities and Investments Commission has canceled the license of Binance Australia Derivatives after a targeted review of its operations in the country. The company’s clients will not be able to increase derivatives positions or open new positions with the platform from April 14, and existing derivatives positions must be closed before April 21. The Australian securities regulator also revealed that it has been conducting a targeted review of Binances financial services business in Australia, including its classification of retail and wholesale clients. Spot trading on Binance is still available for Australian residents.
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Source: Cryptocurrency - investing.com
