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?
