Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday, after the regulator had begun a “targeted review of Binance” in February. Beginning April 14, Binance’s derivatives clients in Australia will not be able to open or increase their existing trading positions. By April 21,...
Andrew Bragg, an Australian senator, has advanced a bill to regulate the local crypto market. Will it really “protect consumers and promote investors”? Reports have emerged of the Australian government taking steps to tighten regulations on cryptocurrency in the Pacific nation. This has raised concerns among the cryptocurrency community. Many fear these actions could hinder...
Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal documents from the government have revealed. The documents, obtained by The Australian Financial Review under freedom of information laws, reportedly reveal that the...
