What happened to Binance, Australia?

Could you please elaborate on the recent developments surrounding Binance in Australia? I've heard some rumors about regulatory issues, but I'm not quite sure what the exact situation is. Could you provide a brief overview of what's been happening? Have there been any specific regulatory actions taken by the Australian authorities? Has Binance been facing any challenges in terms of compliance? I'm particularly interested in understanding the impact these developments might have on Binance's operations in Australia and the wider cryptocurrency market. Thank you for your insights.