Australia: Simple Earn, BNB Vault and ETH2.0 Staking.
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⚠️Effective from 2023-02-21 13:30 UTC, new subscriptions for these Binance Earn products will be restricted for users in Australia: Simple Earn, BNB Vault and ETH2.0 Staking.
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⚠️Effective from 2023-02-21 13:30 UTC, new subscriptions for these Binance Earn products will be restricted for users in Australia: Simple Earn, BNB Vault and ETH2.0 Staking.
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They didn’t even email users to inform them
The first I knew was when I tried to renew a locked earn stake this morning
🙁
Unreal man wtf, same for us here in the UK it seems
Well done for sharing a link to announcement op
I’m can’t see this press release at all where is it on binance.
I dont understand this? Why have they changed the earn function here in aus? Is crypto.com still allowing earn function? It seems a harsh penalty for aussies.
No point keeping money in this anymore
So we can only use what is already in earn?
Do you have a link to the announcement please.
Here’s how i see it.
Binance sometimes does some shady stuff. For example, changing interest rates on earn products, as they see fit or paying out auto-invested coins several hours after the actual purchase.
I’ve seen promotions, minigames and the like, have their ‘rules’ link point to the rules of an entirely different promotion or even the correct promotion but with wrong and missleading information.
The other day i couldn’t redeem money from my earns so i could make a trade and i couldn’t find any reason why, before i did a fairly extensive search and found out they were doing maintenance. No notification, no mail, no nothing about it. Point is, i feel i wasn’t informed that i couldn’t access my money in the period of time.
In my opponion, some aspects of Binance borderlines false marketing, and some could be catagorized as pyramid schemes and i wouldn’t be surprised if some governments think carefully about which actions to take against these things.
With all this said, i love Binance. Sure, there are things to improve (if they want) It’s very flexible and easy to use(mostly) and i’ve made a lot of money with it. You just have to DYOR a little extra sometimes.
Has anyone found any information from ASIC or the ATO about any regulatory reasons/legislation changes behind the change that simple earn is no longer available in Australia. I’m annoyed I can no longer access these products. I know I can stake assets on wallets and I do for some assets. However for some it’s simply easier to use flexible earn or locked earn on Binance.
Thanks in advance. 🙂
I just realised I can’t earn anymore in Australia what the fk man are they going to fix this ???
Sounds like they have just cancelled all together, no idea why thought, there are a few Aussie exchanges that still have staking
Maybe they just think aus is such a small marketplace that we aren’t even worth the effort
Just had a locked staking released and tried to restake and got the message saying it’s not available in my region… WTF
Is this us?
Wrongly categorised at wholesale buyers… or something else entirely
https://cryptospacey.com/binance-closes-australian-users-derivatives-position/
BUT I still can’t use earn. And my flexible earn aren’t reinvesting.
Mmmmmmm…..WTF!
Brilliant……
Send an image of the admission and request for payment from the health facility