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?