Claiming that it was only the derivatives license of Binance Australia that was canceled, the exchange’s CEO on Thursday offered an explanation to clear any confusion. Earlier, CoinGape reported that the Australia Securities & Investment Commission (ASIC) said it was canceling the Australian financial services (AFS) license held by Binance. However, CZ clarified that the Binance Australia Derivatives business is being closed but the spot exchange will continue to operate in the country.