Binance Extends Restrictions Over Derivatives Trading In Australia.
2021-08-19 | Eddy Morgan
Leading
cryptocurrency exchange Binance has outlined its shift to a proactive compliance standpoint by extending restrictions on derivatives trading to users in Australia.
Effectively immediately, Australian users
won't be able to open new accounts for options, margin products as well as leveraged tokens, Binance
revealed earlier today on Thursday.
This official announcement extends existing restrictions effective 7
th Aug. that prevented users from opening new futures accounts.
The move
is among the latest by the exchange
to deal with regulatory and compliance concerns proactively, in response to intense scrutiny from regulators
around the world that the exchange has been subjected to in recent months.
Leave a comment
Your email address will not be published. Required fields are marked *
