Share this article
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings
Updated Jul 5, 2023, 3:27 p.m. Published Jul 5, 2023, 8:07 a.m.
Binance Australia’s office was searched by the country's financial regulator, the Australian Securities & Investments Commission (ASIC), on Tuesday, according to a report in Bloomberg.
The report, citing anonymous sources, comes after the company’s derivatives license was canceled in April, following an investigation into how it classified clients as professional wholesale investors, as they can get fewer regulatory protections than regular retail customers.
STORY CONTINUES BELOW
"We are cooperating with local authorities and Binance is focused on meeting local regulatory standards in order to serve our users in Australia in a fully compliant manner,” a Binance Australia spokesperson told CoinDesk in an e-mailed statement.
Binance was raided by the public prosecutor in Paris, France in June for “aggravated money laundering.” The company's U.S. arm and its CEO Changpeng “CZ” Zhao are the subject of a lawsuit from U.S. regulators that alleges the exchange operated unlawfully and listed unregistered securities exchange.
A spokesperson for ASIC told CoinDesk that its investigation is "ongoing," but that it was "unable to confirm or deny any operational detail such as possible searches."
UPDATE (July 5, 2023, 10:13 UTC): Adds ASIC statement.
Lebih untuk Anda
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
Yang perlu diketahui:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
Plus pour vous
U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief
New House proposal would exempt some stablecoin payments from capital gains taxes and allow stakers to defer income recognition for up to five years.
Ce qu'il:
- A bipartisan bill in the U.S. House aims to modernize tax rules for digital assets, addressing issues like excessive taxation and tax abuse.
- The PARITY Act proposes tax exemptions for stablecoins, deferral options for staking rewards, and aligns digital assets with traditional securities.
- The bill includes measures to prevent tax loss harvesting in crypto and offers tax benefits to foreign investors trading through U.S. brokers.
Top Stories
