Australia: Securities and Investments Commission announced lawsuit against Binance Australia Derivatives over alleged consumer protection failures
Description
Securities and Investments Commission announced 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…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body