Australian Court Fines Binance Australia $6.9M Over Client Misclassification

An Australian federal court fined Binance Australia Derivatives A$10 million ($6.9 million) for misclassifying retail users as wholesale investors. Regulators said the failure exposed clients to high-risk crypto derivatives without proper protections.  Binance Australia Misclassified 85% of Its Clients According to reports, an Australian federal court has ordered a Binance Australia derivative to pay A$10 […] Read The Full Article Australian Court Fines Binance Australia $6.9M Over Client Misclassification On Coin Edition.