Australian court fines Binance unit $10 million

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Over client onboarding failures.

Australian court fines Binance unit $10 million
The Federal Court has ordered ⁠Binance's ⁠local unit to pay $10 million for misclassifying over 85 percent of its Australian clients that exposed them to high-risk crypto products, ‌the country's securities regulator said. The penalty follows a lawsuit ‌by the Australian ...

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