Australia: ASIC lawsuit against Binance Australia Derivatives over alleged consumer protection failures
Progress
Current status
under deliberation
18 Dec 2024 under deliberation
Scope
Implementers
Australia
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced ASIC lawsuit against Binance Australia Derivatives over alleged consumer protection failures
On 18 December 2024, the Australian Securities and Investments Commission (ASIC) announced a public lawsuit against Oztures Trading Pty Ltd, trading as Binance Australia Derivatives. The lawsuit alleges that from 7 July 2022 to 21 April 2023, Binanc…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body