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Binance may ban Australian users from using futures and Earn features

According to reports on February 23, multiple Australian users reported in the community that they were unable to use Binance Earn products, prompting that due to regulatory restrictions, the service was not provided to their locations. Other users received reminders to immediately close Binance’s Australian derivatives positions and accounts unless they prove they are wholesale clients. Others responded that in Australia you have to meet complex investor classifications to use derivatives. This is nothing shocking.