“It is critically important that AFS licensees classify retail and wholesale clients in accordance with the law. Retail clients trading in crypto derivatives are afforded important rights and consumer protections under financial services laws in Australia, including access to external dispute resolution through the Australian Financial Complaints Authority,” ASIC Chair Joe Longo said.
Source: https://www.coindesk.com/business/2023/04/06/binance-australias-derivatives-license-cancelled-by-regulator/?utm_medium=referral&utm_source=rss&utm_campaign=headlines