Australian authorities invade Binance offices amid probe
In a significant turn of events, authorities in Australia have launched a surprise raid on the premises of Binance, the world’s largest cryptocurrency exchange, Bloomberg reported today. According to the report, this action comes as part of an extensive investigation conducted by the Australian Securities and Investments Commission (ASIC) into the closure of Binance Australia’s derivatives division. The ASIC operation aims to thoroughly scrutinize the operations of Binance’s derivatives arm and thoroughly evaluate the categorization of its clientele, anonymous individuals with insider knowledge divulged. This recent development follows Binance’s previous announcement in April, where the company declared its intention to wind down its derivatives business in Australia and voluntarily relinquish its license for financial services. You might also like: Crypto industry body slams banking restrictions in Australia The ASIC investigation was ...