ShadowFox
Fri Jun 07 2024
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5 answers
642
What happened to Binance, Australia?｜. It issued an edict to Australians who have invested in futures, options & leveraged tokens on Binance to close their position within 90 days.In 2021, the Australian Government, banned Binance from offering crypto futures and options in their market to mum-and-dad retail investors
What exactly transpired with Binance in Australia? It seems they've issued a directive urging Australian investors holding futures, options, and leveraged tokens on their platform to liquidate their positions within a 90-day window. Recall that in 2021, the Australian Government prohibited Binance from providing crypto futures and options services to retail investors. Was this a direct result of that ban, or are there other factors at play? It's intriguing to understand the reasons behind this move and how it might impact Australian crypto investors.
