<ul><li>Australian regulators have sued Binance Australia Derivatives for failing to protect retail customers.</li><li>The Australian Securities and Investments Commission (ASIC) claims that Binance Australia Derivatives misclassified over 500 retail investors as wholesale clients.</li><li>ASIC accuses Binance of violating regulatory provisions and failing to deliver services honestly and fairly.</li><li>ASIC has tightened its grip on cryptocurrency regulation in Australia and plans to roll out new licensing requirements for crypto exchanges.</li></ul>

Binance Australia Sued Over Consumer Protection Breaches

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