Australia: Announced ACMA Spam Investigation into Binance Australia
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Description
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-outs difficult and sending commercial messages without consent, in breach of the Spam Act of 2003.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body