An Australian court ordered Binance Australia Derivatives to pay $6.9 million after misclassifying retail clients and exposing them to high-risk crypto products. Update March 27, 11:53 am UTC: This ...

March 27 (Reuters) - The Australian federal court has ordered Binance's local unit to pay A$10 million ($6.9 million) for misclassifying over 85% of its Australian clients ‌that exposed them to ...

Australian court fines Binance A$10 million for misclassifying 524 retail clients as wholesale. Retail investors were exposed to high-risk crypto derivatives without proper legal protections. Binance ...

The Australian court has imposed a A$10 million ($6.9 million) penalty on Binance Australia Derivatives over onboarding failures that led to millions of dollars in client losses and fees. The Federal ...

An Australian court has ordered the local derivatives arm of cryptocurrency exchange Binance to pay a penalty related to onboarding failures that caused users millions in losses and fees. Binance ...

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[SYDNEY] The Australian federal court has ordered Binance’s local unit to pay US$6.9 million for misclassifying over 85 per cent of its Australian clients that exposed them to high-risk crypto ...