ASIC sues Binance over allegedly failing to provide consumer protection for retail clients

Binance’s Australian arm comes under fire from Australian regulators that accuse the crypto exchange of falsely categorizing local clients as wholesale clients, exposing them to risky crypto assets. According to a press release published on Dec. 18, the Australian Securities…

Dec 18, 2024 - 07:00
ASIC sues Binance over allegedly failing to provide consumer protection for retail clients
Binance’s Australian arm comes under fire from Australian regulators that accuse the crypto exchange of falsely categorizing local clients as wholesale clients, exposing them to risky crypto assets. According to a press release published on Dec. 18, the Australian Securities…

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