Is Binance illegal in Australia?

I'm a bit confused about the legality of Binance in Australia. I've heard conflicting reports about whether it's allowed to operate there or not. Could you please clarify this for me? I'm interested in crypto trading but don't want to get involved with anything that could potentially land me in legal trouble. Also, if there are any specific regulations or licenses required for crypto exchanges in Australia, could you please let me know about those as well? Thank you for your help!