Binance, the world\“s largest cryptocurrency exchange, has faced a major setback as its Australian financial license has been cancelled by the regulatory authority.
In a surprise move, the Australian Transaction Reports and Analysis Centre （AUSTRAL） has revoked the license, citing non-compliance with Australian financial regulations.
The cancellation of the license comes as a blow to Binance\“s expansion plans in Australia, which had been making significant progress in the region.
Despite the setback, Binance has assured its Australian users that it remains committed to complying with all regulatory requirements and will work towards finding a resolution. |
