Binance Australia derivatives business reviewed by ASIC

News Snapshot:

“It has not yet reported these matters to ASIC in accordance with its obligations under its Australian financial services license,” the spokesperson added. A Binance spokesperson said the exchange is “committed” to following all relevant Australian laws. Leigh Travers, chief executive of Binance Australia, did not return an additional request for comment. Web of regulatory probes Billionaire Changpeng Zhao’s digital-asset exchange has been under the spotlight as regulators step up scrutiny of the crypto industry following the collapse of the FTX exchange last year. Binance’s global business and a US platform are the subject of a web of regulatory probes....