Progress

Current status
in force
10 Nov 2022 in force
03 May 2022 under deliberation

Scope

Implementers
Australia
Policy Area
Other operating condition
Policy Instrument
Consumer protection regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

10 Nov 2022
in force

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…

Source
Event type investigation
Action type ruling
Government branch executive
Government body other regulatory body
03 May 2022
under deliberation

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…

Source
Event type investigation
Action type announcement
Government branch executive
Government body other regulatory body