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Binance Australia Derivatives reportedly closes accounts and positions for some users

Binance Australia Derivatives users reported abrupt notifications sent by the digital asset platform on Feb. 23,  saying it is starting to close certain derivatives positions and accounts. According to screenshots posted by various users on Twitter, users who did not meet the requirements to be a “wholesale investor” were told all of

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Australia introduces classification for crypto assets

Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry. On Feb. 3, the Australian Treasury released a consultation paper on “Token Mapping,” announcing it as a foundational

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Australia bolsters crypto watchdogs in ”multi-stage’ plan to fight scams

The Australian government is bolstering its market regulator's digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto firms.A Feb. 2 joint statement by Australian Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones explained that the new measures are

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