Australian regulator searched Binance Australia’s offices

2023-7-6 18:14

Key takeaways

Australian Securities and Investments Commission searched Binance Australia’s office on Tuesday.

The cryptocurrency exchange maintains that it is focused on complying with rules. 

ASIC searched Binance Australia’s offices

The offices of Binance Australia, the Australian arm of Binance, were searched on Tuesday by the country’s financial markets regulator.

This latest cryptocurrency news comes as governments around the world are scrutinising the cryptocurrency exchange’s activities.  

According to a Bloomberg report, the Australian Securities and Investments Commission searched several Binance Australia locations on Tuesday. The search was part of an ongoing investigation into the cryptocurrency exchange’s now-defunct derivatives business, sources close to the matter revealed to Bloomberg. 

Binance has been experiencing crackdowns from governments in Europe and the United States. Last month, the US SEC sued Binance and its CEO, Changpeng Zhao, for breaking securities laws. 

On June 22nd, Brazilian authorities revealed that they were investigating Binance for suspected pyramid schemes. Binance is also being investigated for helping customers get around a restriction on crypto derivatives investments in Brazil.

A few days later, Binance dropped its licence application in Austria after the German regulators denied its application to operate in the country. 

External pressure is hurting Binance, says CZ

At a Twitter Space on Wednesday, Binance CEO, CZ, admitted that the external pressure is hurting the company. He stated that;

“Many of those things are outside of our control, but short term, they have negative impacts on our business.”

Despite the pressure, Binance remains the number one cryptocurrency exchange in the world. However, its global share of crypto spot trading fell for a fourth consecutive month in June. Data obtained from CCData showed that Binance now controls 42% of the global crypto spot trading volume, a 10-month low for the company. 

The ASIC investigation comes after Binance Australia announced in April that it would wind down the local derivatives exchange while keeping its spot platform open. 

At the time, Binance said it closed the derivative positions of numerous Australian users because they were falsely classified as wholesale investors.

A spokesperson for ASIC stated that

“We are unable to confirm or deny any operational detail such as possible searches. ASIC’s review of the company is ongoing.”

The cryptocurrency exchange said it is working with local authorities, and its sole focus is to meet local regulatory standards in order to serve its Australian users in a fully compliant manner.

The post Australian regulator searched Binance Australia’s offices appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Australian Dollar (AUD) на Currencies.ru

$ 99291.65 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $98466.25 - H: $99291.65
Капитализация $0 Rank 99999
Цена в час новости $ 46016.67 (115.77%)

australian binance australia searched maintains exchange cryptocurrency

Источник: coinjournal.net

australian binance → Результатов: 81


Binance Australia searched in probe of former derivatives activities

Binance Australia has come under further regulatory scrutiny, with a particular focus on its former derivatives activities, as reported by Bloomberg on July 4. Bloomberg reported that the Australian Securities and Investments Commission (ASIC), an integrated regulator for the country’s financial markets, searched various Binance Australia locations on the day of the report.

2023-7-5 11:36


Binance to halt Bitcoin spot trading with Australian Dollar

Crypto exchange Binance announced it would stop Bitcoin (BTC) spot trading activities with the Australian Dollar (AUD) on June 1, according to a statement on May 26. Additionally, the exchange would remove spot trading activities for other top cryptocurrencies like Cardano (ADA), Ethereum (ETH), Dogecoin (DOGE), XRP, BNB, Solana (SOL), and Polygon (MATIC) paired with […] The post Binance to halt Bitcoin spot trading with Australian Dollar appeared first on CryptoSlate.

2023-5-27 17:33


дальше еще 32 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Taking a closer look at BNB's stable performance in a rocky week

BNB saw less decline in the last seven days. BNB remained below zero in funding rate. Assets within the top five of the crypto market capitalization experienced declines over the past seven The post Taking a closer look at BNB's stable performance in a rocky week appeared first on AMBCrypto.

BNB Chain DEX volume surges - Examining what it means for BNB's price

The increase showed that attention was shifting back to the chain. BNB's price might fall to $580 despite the rise in TVL. For the first time since the 2nd of May, BNB Chain's DEX trading voThe post BNB Chain DEX volume surges - Examining what it means for BNB's price appeared first on AMBCrypto.

Inside Binance and DWF's alleged market manipulation saga - What's going on?

DWF reportedly made over $300 million from market manipulation at Binance Binance allegedly fired an employee who flagged DWF's shady tactics  One of the largest crypto-market makers, DWF, The post Inside Binance and DWF's alleged market manipulation saga - What's going on? appeared first on AMBCrypto.

BNB wishes to cross $600, but why the altcoin can drop to $550 instead

A bullish invalidation could cause BNB to drop to $561. Funding Rate and sentiment were negative, suggesting a bearish bias. Binance [BNB] might attempt to break out according to the 4-hour The post BNB wishes to cross $600, but why the altcoin can drop to $550 instead appeared first on AMBCrypto.

Нигерийская криптобиржа Patricia опровергла слухи о самоликвидации

Генеральный директор нигерийской криптовалютной платформы Patricia заявил, что циркулирующие в медиа слухи о скором закрытии биржи на фоне репрессий государственных органов не соответствуют действительности.

Is Binance founder CZ's sentence the boost BNB needed all along?

BNB tumbled over 6% in the 24-hour period owing to broader market bloodbath. The positive commentary around the coin increased dramatically in the last 24–48 hours. Binance Coin [BNB] suffThe post Is Binance founder CZ's sentence the boost BNB needed all along? appeared first on AMBCrypto.

Binance: After CZ's arrest, these execs prompt global 'manhunt'

Nigerian authorities are pursuing Binance executives for currency devaluation. Contrasting legal outcomes raised questions about fairness in treatment. Just as Binance's [BNB] founder made hThe post Binance: After CZ's arrest, these execs prompt global 'manhunt' appeared first on AMBCrypto.