Australian Securities and Investments Commission

ASIC revokes Binance Australia’s financial services license

The Australian Securities and Investments Commission (ASIC) revoked Binance Australia’s financial services license following a targeted review of the exchange’s operations.

FTX Reportedly Secured Its Australian License Through A Loophole

FTX Australia acquired the AFSL by purchasing IFS Markets in December 2021. This allowed FTX Australia to operate without undergoing any regulatory tests.