ChainCatcher message, Binance Australia tweeted that it will no longer support Australian Binance users using bank transfers for AUD deposits and withdrawals. As of June 1, Binance has stopped all AUD trading pairs.To facilitate withdrawals and trading activities after June 1, users can convert their AUD balance to USDT. Users can still buy and sell cryptocurrencies using credit or debit cards, and the P2P market of Binance Australia will continue to operate as usual.Additionally, Binance Australia is seeking alternative providers to continue offering AUD deposit and withdrawal services to users. User funds are secured through the Secure Asset Fund for Users (SAFU), which provides protection for Binance users and their funds in extreme cases. (Source link)

ChainCatcher news, according to Bloomberg, as of 13:10, the Bitcoin trading price on Binance Australia is AUD 34,863 (USD 22,670), which is approximately AUD 7,516 lower than the average price on platforms like Independent Reserve and CoinJar, representing a discount of 17.7%. Additionally, tokens like ETH and SOL also have about a 20% discount.ChainCatcher previously reported that Binance announced it will remove the following spot trading pairs on June 1 at 14:00 Beijing time: ADA/AUD, AUD/BUSD, AUD/USD, BNB/AUD, BTC/AUD, DOBE/AUD, ETH/AUD, GALA/AUD, MATIC/AUD, SOL/AUD, XRP/AUD. (source link)

ChainCatcher news, Binance Australia stated: "We have confirmed with our local payment partners that users can continue to withdraw Australian dollars, and more information will be updated later."News this morning, Binance Australia's subsidiary has suspended AUD fiat deposit and withdrawal services. (Source link)

ChainCatcher news, Binance Australia tweeted that due to a third-party payment service provider, AUD PayID deposits have been suspended, and bank transfer withdrawals will also be affected. They are working to find an alternative provider. (Source link)

ChainCatcher news, Binance founder Zhao Changpeng tweeted that Binance Australia has had its derivatives license revoked. As of yesterday, the platform had exactly 104 users, and Binance Australia will continue to operate its spot trading business. (Source link)

ChainCatcher news, the Australian Securities and Investments Commission (ASIC) has revoked the derivatives financial services license of Binance Australia.After the license revocation, from April 14, Binance Australia customers will not be able to increase their derivatives positions or open new positions with Binance. Additionally, Binance Australia will require customers to close all existing derivatives positions by April 21, 2023. (Source link)

ChainCatcher news, according to Bloomberg, Australian regulators are investigating Binance Australia's derivatives business, including reviewing how Binance distinguishes between "retail clients and wholesale clients."Previously reported, some users on Twitter responded that Binance Australia forcibly closed the derivatives positions and accounts of Australian citizens. In response, Binance stated on Twitter that the Binance team found a small number of Australian users were incorrectly classified as "wholesale clients." "According to Australian regulations, we must notify these users and immediately close any of their derivatives positions. We have contacted all affected users and will fully compensate them for any losses incurred while trading derivatives on Binance." (source link)

ChainCatcher news, according to a screenshot posted by @skyquake_1, Binance Australia Derivatives has notified users to immediately close their derivatives positions and accounts. Users can continue to use the services provided by InvestbyBit Pty Ltd. To continue using the Binance Australia derivatives trading platform and services, users must prove that they meet the requirements to be classified as a "wholesale investor." (Source link)

ChainCatcher news, Binance CEO Zhao Changpeng tweeted that the Australian Treasury launched a series of consultations last week titled "Making Cryptocurrency Safer for Consumers," and Binance Australia has become one of the first cryptocurrency companies regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investments Commission (ASIC). (Source link)