The Australian Securities and Investments Commission (ASIC) has revoked the derivatives financial services license of the Australian division of Binance.
The Australian Securities and Investments Commission (ASIC) said that after the license was revoked, Binance Australia customers will not be able to increase derivatives positions or use Binance to open new positions from April 14.
Additionally, Binance Australia will require customers to close all existing derivatives positions by April 21, 2023.