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ASIC Targets Binance Australia Over Landmark Case In Crypto Regulation

  • The Australian Securities and Investments Commission (ASIC) targets Binance Australia in a landmark case on crypto regulation.
  • ASIC accuses Binance of violating laws related to counter-terrorism financing and anti-money laundering.
  • Potential implications for Binance Australia include fines, operational limitations, and suspension of its Australian operating license.
  • The case could set a precedent in cryptocurrency regulation globally, impacting how cryptocurrencies are regulated in Australia and beyond.

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