The derivatives financial services license of Binance Australia has been revoked

ChainCatcher news, the Australian Securities and Investments Commission (ASIC) has revoked the derivatives financial services license of Binance Australia.

After the license revocation, from April 14, Binance Australia customers will not be able to increase their derivatives positions or open new positions with Binance. Additionally, Binance Australia will require customers to close all existing derivatives positions by April 21, 2023. (Source link)