- The Australian Financial Complaints Authority (ASIC) canceled Binanceâs derivatives license.
- The agency said that itâs been running a âtargeted reviewâ of Binanceâs financial services business in Australia.
- Users have two weeks to close their positions.
One crypto company that has faced regulatory pressures is Binance, which has just lost its derivatives license in Australia.
Binance Australia Loses Derivatives License
Australian Financial Complaints Authority (ASIC) announced on Thursday that Binance, the largest centralized cryptocurrency exchange in the world, can no longer run its derivatives business in the country.
Thatâs because the ASIC, after running a âtargeted reviewâ of Binanceâs financial services...