The Australian Securities and Investments Commission (ASIC) today cancelled the Australian financial services licence held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives. The licence cancellation was effected today in response to a request to cancel received from Binance yesterday.
Following the cancellation:
- with effect from 14 April 2023, clients will not be able to increase derivatives positions or open new positions with Binance;
- Binance will require clients to close any existing derivative positions before 21 April 2023;
- on 21 April 2023, Binance will close any remaining open positions.
The terms of the cancellation include a provision that that the cancellation has no effect on the requirement for Binance to continue…
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