Australian Regulator ASIC Canceled Binance’s Derivative Licences On The Exchanges Request!
The Australian regulator ASIC has canceled the Australian financial services license held by Oztures Trading Pty Ltd c/n/a as Binance Australia Derivatives (Binance). The move comes following a request from Binance on April 5. ASIC has been conducting a targeted review of Binance's financial services business in Australia, including its classification of retail and wholesale clients. However, the targeted review will continue, says ASIC in its press release.