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Mudrex reported a 200% yearly increase in its user base, surpassing three million.

#asic #consumer protection #crypto lawsuit #crypto compliance #financial regulations

The Australian financial services regulator has sued Binance Australia Derivatives for allegedly misclassifying over 500 retail clients, denying key legal protections.

#australia #cryptocurrency regulation #crypto compliance #crypto reporting #austrac

Australia proposes tighter AML/CTF rules targeting crypto exchanges, legal services and real estate to combat financial crime.

#fiat-to-crypto #crypto compliance #binance connect #crypto-to-fiat #binance relaunch #binance ecosystem #paymonade #defi wallets #binance payments #fiat off-ramp

Binance has integrated the revived Binance Connect service more tightly into its ecosystem.

#kraken #asic #crypto compliance #financial regulations #margin trading #australian court #bit trade #credit facility #regulatory obligations #crypto industry.

A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.