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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15 Comments

  1. Raj_UK on 12. January 2025 at 19:55

    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

    🙁

     


  2. ThePaleFacedGamer on 12. January 2025 at 19:55

    Unreal man wtf, same for us here in the UK it seems

     


  3. avi312singh on 12. January 2025 at 19:55

    Well done for sharing a link to announcement op

     


  4. Bardz1984 on 12. January 2025 at 19:55

    I’m can’t see this press release at all where is it on binance.

     


  5. bob_chisel on 12. January 2025 at 19:55

    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.

     


  6. Nik106_S on 12. January 2025 at 19:55

    No point keeping money in this anymore

     


  7. ButterflyBears on 12. January 2025 at 19:55

    So we can only use what is already in earn?

    Do you have a link to the announcement please.

     


  8. CFrost_ on 12. January 2025 at 19:55

    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.

     


  9. haycheless on 12. January 2025 at 19:55

    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. 🙂

     


  10. [deleted] on 12. January 2025 at 19:55

    I just realised I can’t earn anymore in Australia what the fk man are they going to fix this ???

     


  11. thebiggestbazzz on 12. January 2025 at 19:55

    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

     


  12. Timmy_B666 on 12. January 2025 at 19:55

    Just had a locked staking released and tried to restake and got the message saying it’s not available in my region… WTF

     


  13. paddimelon on 12. January 2025 at 19:55

    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!

     


  14. Buffetwarrenn on 12. January 2025 at 19:55

    Brilliant……

     


  15. Illustrious-Leek-892 on 12. January 2025 at 19:55

    Send an image of the admission and request for payment from the health facility