.binance Australia said its halting AUD bank transfers due to issues with its payment service provider, thesamreynolds reports.
, the bank said it was almost done exiting the crypto market), and the freezing of previous partner Transactive Systems' Euro accounts, threatening the exchange's liquidity.’s customers, deposits via debit or credit cards — an expensive pipeline for the exchange — are the only way they can transact.
Meanwhile, The Australian Securities and Investments Commission is reviewing Binance Australia's derivatives business after the crypto exchange erroneously classified 500 users as"wholesale investors," leading to the closure of their derivative positions, which local regulations prohibit for retail traders.
Binance has pledged full compensation to the affected users. Binance Coin is unaffected by the news and is trading flat.
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