ASIC Sues Binance Australia Over Consumer Protection Failures

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, accusing the platform of failing to protect consumers.  The regulator claims Binance misclassified over 500 retail clients as wholesale investors between July 2022 and April 2023. Binance reportedly denied them critical protections under Australian financial laws. Another... source: https://beincrypto.com/binance-lawsuit-asic-australia-consumer-protection/