Australia: Federal Court fined Binance Australia AUD 10 million over compliance failures in crypto derivatives offering
Description
Federal Court fined Binance Australia AUD 10 million over compliance failures in crypto derivatives offering
On 27 March 2026, the Federal Court of Australia fined Binance Australia AUD 10 million for breaching the Corporations Act over compliance failures in crypto derivatives offering. It was found that Binance misclassified over 85% of its Australian cl…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court