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Binance Australia derivatives business draws review by ASIC

The Australian Securities and Investments Commission says it is conducting a “targeted review” of the local derivatives business of Binance, the world’s largest crypto exchange.

The review includes Binance’s “classification of retail clients and wholesale clients”, a spokesperson for the regulator said in a statement on Friday.

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    Original URL: https://www.afr.com/companies/financial-services/binance-australia-derivatives-business-draws-review-by-asic-20230225-p5cnit