Bloomberg: ASIC raids Binance Australia office as part of ongoing probe into latter's shuttered derivatives business

The Australian Securities and Investments Commission (ASIC) raided Binance’s Australia offices on Tuesday as part of an ongoing investigation into the platform’s now-shuttered derivatives business, Bloomberg reported, citing people familiar with the matter. Foresight News previously reported that in April, ASIC revoked Binance Australia’s derivatives financial services license. ASIC said that after the license was revoked, Binance Australia customers will not be able to increase derivatives positions or use Binance to open new positions from April 14. Binance Australia will ask customers to close all existing derivatives positions by April 21, 2023. On April 21, Binance Australia will close all remaining open positions.