Binance’s offices in Australia were searched by the country’s financial markets regulator as governments around the world turn up the heat on the biggest cryptocurrency exchange.

The Australian Securities and Investments Commission conducted searches at several Binance Australia locations on Tuesday, people with knowledge of the matter said, asking not to be identified discussing private information. The action was part of an investigation into its now-defunct local derivatives business, according to the people.

ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c3%2BMaW5maGVkr6q6wKeanmWRqsC1vsCloJpln5uzqq%2FErGSsnZGnsKmxw2aZsmWimrS2uMCtpqtlkah6sa3RrWSonl2ZsrO11Zqroq6VqHqxvs6bnA%3D%3D