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Australia court fines Binance Australia $6.9 million over client onboarding failures

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The Australian federal ​court has ‌ordered local derivatives ​business ​of cryptocurrency exchange Binance ⁠to ​pay an ​A$10 million ($6.9 million) penalty for ​misclassifying ​over 85% of ‌its ⁠Australian client base, the country's ​securities ​regulator ⁠said on ​Friday.

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