Caterina
Sat Jun 08 2024
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7 answers
1218
What countries can trade on Coinbase?｜Coinbase Wallet now supports fiat onramps for the following countries: . This means that users in these countries can deposit and withdraw fiat currency, such as USD, GBP, and EUR, directly from their Coinbase Wallet.United States, United Kingdom, Canada, Australia, Singapore, and most European Union countries
Could you kindly enlighten me on the nations that are permitted to engage in trading activities on the Coinbase platform? It appears that the Coinbase Wallet has expanded its functionality to include fiat onramps for a select few countries. Could you specify which countries are currently eligible for this service? Presumably, this implies that individuals residing in these countries are able to deposit and withdraw fiat currencies, such as the US Dollar, British Pound, and European Euro, directly through their Coinbase Wallet. Do the United States, United Kingdom, Canada, Australia, Singapore, and a majority of European Union countries fall within this category?
DondaejiDelightfulCharm
Sat Jun 08 2024
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7 answers
1986
Why is Binance closing in Australia?｜In 2021, Binance abruptly stopped selling a range of complex derivative products to Australian customers as well after . Binance's international business has also been accused of operating an “illegal” exchange and multiple allegedly “wilful” breaches of US trading law.concerns were raised by ASIC
Why is Binance withdrawing from Australia? Could it be linked to the recent decision to halt the sale of complex derivative products to Australian clients? Has the Australian Securities and Investments Commission's (ASIC) accusations against Binance's international business, such as operating an "illegal" exchange and allegedly "wilful" breaches of US trading law, played a role in this decision? Is there more to this story than meets the eye?
BonsaiGrace
Sat Jun 08 2024
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5 answers
981
Why can't i use Binance in Australia?｜. What that means is if you have crypto on Binance Australia, you can't cash it out as AUD into your Aussie bank account like you used to.As of June 2023, Binance ceased its support for AUD deposits and withdrawals via bank accounts in Australia
Why can't I use Binance in Australia anymore? I'm really confused about this. Does it mean that if I have cryptocurrency on Binance Australia, I'm unable to convert it into Australian dollars and withdraw it to my local bank account, as I've done before? I heard that Binance stopped supporting AUD deposits and withdrawals through bank accounts in Australia starting from June 2023. What's the reason behind this change? Could you please clarify this for me?
GeishaCharming
Sat Jun 08 2024
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7 answers
1608
What happens if you bring more than $10,000 into Australia?｜There is no limit to the amount of physical currency that may be brought into or taken out of Australia. However, travelers entering and departing Australia must report any currency they are carrying of $10,000 or more in Australian dollars, or the foreign currency equivalent.
What exactly happens if an individual brings an amount exceeding $10,000 into Australia? I've heard there's no cap on the physical currency that can be imported or exported, but there's a reporting requirement for sums of $10,000 AUD or its foreign currency equivalent. Could you elaborate on the consequences of failing to declare such sums? Are there any penalties or specific procedures one should be aware of? It would be helpful to understand the intricacies of this regulation.
WindRider
Sat Jun 08 2024
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5 answers
1180
Is Binance legal in Australia?｜The short answer is . It issued an edict to Australians who have invested in futures, options & leveraged tokens on Binance to close their position within 90 days.no.
Is Binance legal in Australia? This is a question that many investors and cryptocurrency enthusiasts in Australia may have pondered. The short answer to this inquiry is no. Binance, a global cryptocurrency exchange, has not been granted legal status in Australia. In fact, the platform has issued an edict specifically addressed to Australians who have invested in futures, options, and leveraged tokens on Binance. This edict instructs them to close their positions within a period of 90 days. This measure indicates that Binance is not operating legally in Australia and is taking steps to comply with local regulations. While this doesn't necessarily mean that Binance is engaging in illegal activities, it does highlight the importance of understanding the legal status of cryptocurrency exchanges in different countries before investing.
