Binance Australia Fined $6.9 Million for Misclassifying 85% of Derivatives Users
The Court said the losses were worth more than $8.2 million. According to reports from March 27, the Federal Court of Australia has imposed an A$10 million (appr. $6.9 million USD) civil penalty on Binance’s local branch, registered under the name Oztures Trading Pty Ltd. The Australian Securities and Investments Commission (ASIC) said that…
