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Friday, November 22, 2024
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    bitcoin
    Bitcoin (BTC) $ 98,949.51
    ethereum
    Ethereum (ETH) $ 3,370.95
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 636.50
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 1.38
    binance-usd
    BUSD (BUSD) $ 0.997181
    dogecoin
    Dogecoin (DOGE) $ 0.394026
    cardano
    Cardano (ADA) $ 0.869351
    solana
    Solana (SOL) $ 262.90
    matic-network
    Polygon (MATIC) $ 0.468239
    polkadot
    Polkadot (DOT) $ 6.17
    tron
    TRON (TRX) $ 0.200831
    HomeFinanceBinance Australia loses derivatives license after 'focused assessment'

    Binance Australia loses derivatives license after ‘focused assessment’

    • The Australian Monetary Complaints Authority (ASIC) has revoked Binance’s derivatives license.
    • The company mentioned it was conducting a “focused assessment” of Binance’s monetary providers enterprise in Australia.
    • Customers have two weeks to shut their positions.

    The crypto business has skilled one of many worst bear markets in its historical past. Not solely have costs dropped considerably, however regulators around the globe are additionally actively focusing on crypto corporations.

    One crypto firm that has confronted regulatory stress is Binance, which simply misplaced its derivatives license in Australia.

    Binance Australia loses derivatives license

    The Australian Monetary Complaints Authority (ASIC) introduced on Thursday that Binance, the world’s largest centralized cryptocurrency change, can not handle its derivatives enterprise within the nation.

    That is as a result of ASIC, after conducting a “focused assessment” of Binance’s monetary providers…

    Proceed studying on DailyCoin

    See also  Crypto Analyst Who Predicted Bitcoin Worth Drop From $69,000 Says Dogecoin Heading In direction of $0.68
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