Binance cops A$10m penalty for mis-selling crypto derivatives
In addition to the penalty, Binance has paid A$13m in compensation.
Binance has operated in New Zealand since September 2022.
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The Australian subsidiary of global crypto exchange Binance has been ordered to pay a A$10 million ($11.9m) fine after more than 500 of its customers were exposed to high-risk products that led to A$8.7m in losses.
The Australian Federal Court announced the penalty last Friday, which followed legal
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