Binance, the world's largest crypto exchange, is facing extra checks in Australia. The country's financial watchdog, AUSTRAC, has asked Binance Australia to bring in an independent auditor within 28 days. The main reason is concern about money laundering and terrorism financing. Reports say Binance's past reviews were limited and the local team may not be strong enough. Authorities also feel senior management was not giving enough attention. Binance has said it will fully cooperate with regulators. This move shows that governments want more control and safety in the crypto market. For investors, it is a reminder to always stay alert when using exchanges.

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