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Crypto News: ASIC Scraps Binance AUS Derivatives AFS Permit

Crypto News: Australia Securities & Investment Commission (ASIC) on Thursday announced that it is canceling the Australian financial services (AFS) license held by Binance registered under the operating name of Oztures Trading Pty Ltd. This development comes when the world’s largest crypto exchange is facing legal complications from U.S. Commodity Futures Trading Commission (CFTC).

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ASIC stated the license cancellation comes into effect from today in a reply to a request filed by Binance. It added that after the cancellation, clients will not be able to increase derivatives positions or open new positions with crypto exchange Binance from 14 April 2023. Read More Crypto News Here…


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