DaeguDivaDanceQueenElegance
Tue Jun 11 2024
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6 answers
870
Does Binance Australia report to ATO?
Could you please clarify for me if Binance Australia submits its financial reports to the Australian Taxation Office (ATO)? I'm interested in understanding the regulatory framework surrounding cryptocurrency exchanges in Australia, and specifically whether Binance Australia adheres to the tax reporting obligations that are mandated by the ATO. Would you mind shedding some light on this matter? It would greatly assist me in gaining a comprehensive understanding of the industry's regulatory landscape in Australia. Thank you in advance for your assistance.
SsangyongSpirit
Mon Jun 10 2024
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6 answers
1476
Is my money safe in Binance Australia?
Could you please enlighten me on the safety measures implemented by Binance Australia to safeguard customer funds? I'm concerned about the security of my money in this platform, and I'd like to understand the protocols they have in place to prevent any potential risks. Do they use multi-signature wallets or cold storage for asset protection? Additionally, how do they handle hacking attempts and other security breaches? It would be helpful to know if they have a robust customer support system in case of any issues. Thank you for your assistance in addressing my concerns.
Stefano
Sat Jun 08 2024
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5 answers
1459
Why is Binance Earn not available in Australia?｜What happened to Binance Australia derivatives? Following recent engagement with ASIC, . We have reached out to impacted users to notify them of the winding down process.Binance has decided to pursue a more focused approach in Australia by winding down the Binance Australia Derivatives business
Could you please elaborate on the reasons why Binance Earn is currently unavailable in Australia? Additionally, what exactly transpired with the Binance Australia Derivatives business? I understand that there has been recent communication with ASIC, resulting in the decision to wind down this specific segment. Could you further explain the process of winding down and how it impacts users? Binance's decision to pursue a more focused approach in Australia intrigues me. Could you share more about the company's future plans in this region?
WhisperWindLight
Fri Jun 07 2024
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5 answers
1263
Is Binance Australia insured?｜No cryptocurrency exchange can guarantee 100% safety, but . However, users should always do due diligence when deciding to open an account on any crypto platform.Binance has implemented several measures to protect users' assets, such as a $1 billion insurance fund, comprehensive account security and asset audits
Could you please clarify whether Binance Australia is insured? It's understood that no crypto exchange can promise absolute safety, but it's important to know what safety measures are taken. Does Binance Australia have any specific insurance policies or funds to safeguard user assets? Additionally, could you elaborate on the security measures implemented by Binance, such as the $1 billion insurance fund and account security audits? Understanding these details would help investors make informed decisions when choosing a crypto platform.
MysticChaser
Fri Jun 07 2024
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5 answers
1242
Is my money safe in Binance Australia?｜. The fund includes cryptocurrencies and so its value changes inline with the market. In 2022 Binance topped up the fund to a value of US$1 billion. Complies with the Australian Transaction Reports and Analysis Center regulations in Australia.Binance has been operating an emergency insurance fund since 2018
Could you please clarify, is my money securely held in Binance Australia? Given that my funds consist of cryptocurrencies, I understand that their value fluctuates in accordance with the market's whims. It's reassuring to hear that Binance bolstered its funds to a remarkable US$1 billion in 2022. However, I'd like to know if Binance Australia adheres strictly to the regulations set by the Australian Transaction Reports and Analysis Centre. Furthermore, since Binance has been maintaining an emergency insurance fund since 2018, does this provide additional security for my funds in case of any unexpected events?
