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Binance has revoked its crypto derivatives license in Australia

The problems continue Australia For crypto exchange company. Already last February Finance should be Close derivatives client accounts (Derivatives) digital assets. But Australian financial regulators now appear to have pushed back on Changpeng “CZ” Zhao’s platform. Cancellation request of this derivative service.

Actually, a contacted Published this Thursday, April 6, 2023 Australian Securities and Investments Commission (ASIC) therefore announces Cancellation of license Australian Financial Services Agency (ASF) of Finance. Or, more precisely, its subsidiary Oztures Trading Pty LtdIt works as Binance Australia derivatives.

As a result of the loss of this license, effective April 14, 2023, to customers Don’t increase their ranks anymore In derivative products, or open new ones. Binance will ask its customers to stuff Any pre-existing position April 21And if not, the exchange will automatically close all remaining open positions.

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