{"id":76786,"date":"2023-04-06T13:04:50","date_gmt":"2023-04-06T10:04:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76786"},"modified":"2025-09-10T19:25:42","modified_gmt":"2025-09-10T16:25:42","slug":"australian-regulator-cancels-binance-australia-derivatives-license","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/australian-regulator-cancels-binance-australia-derivatives-license\/","title":{"rendered":"Australian regulator cancels Binance Australia Derivatives license"},"content":{"rendered":"

The Australian Securities and Investments Commission (ASIC) canceled the Binance Australia Derivatives license for financial services.<\/p>\n

From 14 April, customers of Binance Australia Derivatives, owned by Oztures Trading Pty Ltd, will not be able to add or open new derivative positions on the platform.<\/p>\n

Users of the exchange must close all affected trades by 21 April.<\/p>\n

\n

“The terms of the order do not affect Binance’s obligation to remain a member of the Australian Financial Complaints Authority until 8 April 2024,” the statement said.<\/p>\n<\/blockquote>\n

The regulator is also reviewing Binance\u2019s services regarding the classification of retail and institutional clients.<\/p>\n

The commission noted that the exchange\u2019s main unit and its CEO Changpeng Zhao were facing a lawsuit<\/a> CFTC<\/span>. The regulator also pointed to issues on the platform in other jurisdictions.<\/p>\n

A Binance spokesperson told The Block<\/a> that after talks with ASIC the company decided to shut down the derivatives trading unit.<\/p>\n

Spot trading for Australian users will remain available.<\/p>\n

Reuters reported in April<\/a> that the largest bitcoin exchange began preparing to expand its business into Argentina.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Australian Securities and Investments Commission (ASIC) canceled the Binance Australia Derivatives license.<\/p>\n","protected":false},"author":1,"featured_media":76787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,744,36],"class_list":["post-76786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-binance","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76786"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76786\/revisions"}],"predecessor-version":[{"id":76788,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76786\/revisions\/76788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76787"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}