Australia: Australian Communications and Media Authority (ACMA) Spam Investigation into Binance Australia
Progress
Current status
in force
10 Nov 2022 in force
03 May 2022 under deliberation
Scope
Implementers
Australia
Policy Area
Other operating conditions
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued Ruling in ACMA Spam Investigation into Binance Australia
On 10 November 2022, the Australian Communications and Media Authority (ACMA) ruled that Binance Australia, a crypto exchange platform operated by InvestbyBit Pty Ltd, was liable to pay a penalty of over AUD 2 million after an investigation found th…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body
Announced ACMA Spam Investigation into Binance Australia
On 3 May 2022, the Australian Communications and Media Authority (ACMA) initiated an investigation into Binance Australia, a crypto exchange platform operated by InvestbyBit Pty Ltd, for allegedly sending commercial emails that made consumer opt-out…
SourceEvent type
investigation
Action type
announcement
Government branch
executive
Government body
other regulatory body