ASIC v Binance Australia
civil penalty20 Dec 2024Penalty $15.00M
Respondent
Binance Australia Derivatives Pty Ltd
Facts
ASIC alleged Binance Australia Derivatives misclassified 500+ retail clients as wholesale; failed AFSL retail client protections.
Outcome
$15M civil penalty + governance reforms.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.