April

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">On Thursday, <a aria-label="Binance Australia announced (opens in a new tab)" href="https://twitter.com/Binance_AUS/status/1659018600496373760?s=20" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Binance Australia announced</a> on Twitter that it had temporarily suspended Australian dollar (AUD) deposits and withdrawals in the wake of a decision by its third-party service provider. The exchange is looking for another service provider to restart AUD services.</p> 
<h3 id="third-party-service-provider-ends-partnership-with-binance">Third-party Service Provider Ends Partnership with Binance</h3> 
<p>Binance announced on Thursday it had halted Australian dollar services in the country after a local payment provider ceased to provide service to the exchange. The move will also affect bank transfer withdrawals, Binance Australia said in a tweet.</p> 
<blockquote class="wp-block-quote"> 
 <p>“We regret to inform you that with immediate effect we are unable to facilitate PayID AUD deposits for Binance users due to a decision made by our third-party payment service provider. “</p> <cite>– Binance Australia said in a tweet. </cite>
</blockquote> 
<p>The world’s biggest crypto exchange said it is working to find another payment service provider to let the company continue providing AUD deposits and withdrawals to its users in Australia. Until then, local users can still trade cryptocurrencies with crypto and debit cards or through its <a aria-label="P2P marketplace (opens in a new tab)" href="https://p2p.binance.com/en/trade/all-payments/USDT?fiat=CNY" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">P2P marketplace</a>. Additionally, Binance reassured users that their funds remain safe in the company’s SAFU insurance fund.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="a-difficult-few-months-for-the-world-s-biggest-crypto-exchange">A Difficult Few Months for the World’s Biggest Crypto Exchange</h3> 
<p>The move marks another significant blow for Binance Australia this year, which saw its derivatives license <a href="https://tokenist.com/binance-australia-to-wind-down-its-derivatives-business-after-regulator-cancels-license/" rel="dofollow" class="deco-link">get canceled</a> by the country’s corporate regulator in April. The Australian Securities and Investments Commission (ASIC) revoked the crypto exchange’s license after conducting a targeted review of its classification of retail and wholesale clients.</p> 
<p>ASIC ordered Binance to close all open positions on its derivatives marketplace by April 21. Following that decision, <a aria-label="Binance issued (opens in a new tab)" href="https://www.binance.com/en-AU/blog/all/winding-down-of-binance-australia-derivatives-on-21-april-2023-5937431074265361443" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Binance issued</a> a separate statement, saying it would wind down its derivatives operations in Australia to seek “a more focused approach.”</p> 
<p>However, it is not only Australia that has been giving Binance headaches. The crypto exchange and numerous other crypto companies have been at the center of the recent regulatory crackdown in North America.</p> 
<p>Earlier this month, the <a href="https://tokenist.com/binance-under-doj-probe-for-possible-russian-sanctions-violations/" rel="dofollow" class="deco-link">Tokenist reported</a> that Binance is being investigated for alleged violations of sanctions imposed on Russia over its invasion of Ukraine in 2022. While the company is yet to be accused of wrongdoing, Russian outlets reported last month that Binance had removed some restrictions imposed on its customers in Russia, conflicting with the US government’s instructions. More recently, <a href="https://tokenist.com/breaking-binance-announces-it-is-departing-from-canada/" rel="dofollow" class="deco-link">Binance announced</a> its decision to exit Canada due to recent regulatory changes.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Do you think Binance could lose its dominance if challenges like this persist? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/binance-australia-suspends-bank-transfers-after-provider-backs-out/">Binance Australia Suspends Bank Transfers After Provider Backs Out</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Binance Australia Suspends Bank Transfers After Provider Backs Out

Table of Contents

Tokenist

Outros artigos publicados em 18 de mai. de 2023

Dogecoin: New Twitter CEO Linda Yaccarino to Create Twitter 2.0 – Will DOGE be the Native Currenc...

MagicCraft Scores BIG with $46 Million Valuation Amidst Web3 Gaming Buzz!

MagicCraft is Ready to Conquer Steam: Join the Ultimate Gaming Arena!

Uniswap Eyes Deployment On Moonbeam Parachain

NFT Show Europe Invites Exhibitors to the Major Blockchain and Digital Art Conference

Bumper DAO Launched: Power to the People

Join our free newsletter for daily crypto updates!