ASIC Sues Binance Australia for Misclassifying Retail Investors

Quick Summary:

For investors, these recent cases are reminders of the importance of proper protection and the risks involved in trading crypto derivatives.

In the meanwhile, Mark Longo, who owns Peanut the Squirrel, has asked Binance to stop using the name “PNUT” for its memecoin, saying it violates his trademark.

However, these investors were wrongly labeled as wholesale clients, which meant they didn’t receive essential protections like proper disclosure statements and access to dispute resolution schemes.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United StatesAustraliaIndiaNigerNigeria

Topics: Crypto Regulations News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 11:32:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24536340

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Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 27 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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