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ASIC Fine
Reporting on fines and enforcement actions by ASIC, Australia's financial regulator, against crypto exchanges and digital asset firms for compliance and licensing violations.
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Binance Australia Fined $6.9M for Retail Client Misclassification
Australia's Federal Court fined Binance A$10M for exposing 524 retail investors to high-risk crypto derivatives — on top of A$13.1M already paid in compensation. The total bill now exceeds A$23M.
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