The Australian Securities and Investment Commission (ASIC) has carried out a search at Binance’s offices in Australia as a part of an ongoing inquiry into the crypto exchange’s former derivative businesses. The search, which happened on Tuesday, concentrated on Binance’s adherence to Australian regulations. A Binance spokesperson recently said that the exchange is “ Committed to complying with applicable laws and regulations and cooperating with regulators”. Binance’s derivatives division was shut down in December 2020, following actions taken by international authorities cautious about the lack of safeguards for investors in the digital currency industry.
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