Binance's Australian branch is unable to facilitate PayID deposits for users. The loss of the onramp is attributed to a decision by a third-party payment service provider, Cuscal. Bank transfer withdrawals have also been affected by this decision.
- Binance is actively seeking an alternative provider to continue offering AUD deposits and withdrawals.
- The Australian Securities and Investments Commission (ASIC) canceled Binance's license for its derivatives business, following a request from the exchange itself.
- Binance is currently under investigation by multiple U.S. government agencies, including the SEC, DOJ, IRS, and CFTC.
- The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, accusing the exchange of unauthorized derivatives trading and insufficient AML and KYC controls.
