The #Australian Securities and Investments Commission ( #ASIC ) 🇦🇺 has filed a #lawsuit against @binance 🌐, alleging failures in consumer safeguards ⚖️.

The regulator claims #Binance violated local laws by mishandling customer classifications and failing to meet compliance standards 🚨. This legal action adds to global regulatory scrutiny on the exchange, highlighting the growing focus on consumer protection in the #crypto industry 🔍.