Australia fines local Binance unit $6.9M over client onboarding failures

An Australian court ordered Binance Australia Derivatives to pay $6.9 million after misclassifying retail clients and exposing them to high-risk crypto products.
Source: Australia fines local Binance unit $6.9M over client onboarding failures (https://cointelegraph.com/news/australia-court-fines-binance-6-9-million-onboarding-failures?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)