Regulator says Binance must cease trading by 21 April after it incorrectly classified hundreds of retail customers as wholesale investors
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Australia’s financial regulator has cancelled the local financial services licence of the world’s biggest cryptocurrency exchange, Binance.
Earlier this year, the Australian Securities and Investments Commission (Asic) found Binance had incorrectly classified hundreds of retail customers as wholesale investors.
Continue reading…Regulator says Binance must cease trading by 21 April after it incorrectly classified hundreds of retail customers as wholesale investorsGet our morning and afternoon news emails, free app or daily news podcastAustralia’s financial regulator has cancelled the local financial services licence of the world’s biggest cryptocurrency exchange, Binance.Earlier this year, the Australian Securities and Investments Commission (Asic) found Binance had incorrectly classified hundreds of retail customers as wholesale investors.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…