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SEC Charges Binance, CEO over Illegal Exchanges, Commingling of Client Fund

SEC Charges Binance, CEO over Illegal Exchanges, Commingling of Client Fund
The Securities and Exchange Commission (SEC) has filed 13 charges against cryptocurrency exchange Binance, two affiliated entities and Founder/CEO Changpeng Zhao. The US securities watchdog accused Binance and Zhao of operating illegal trading platforms, offering unregistered crypto asset securities and commingling customers’ funds. It also alleged that Binance operated as an exchange, broker-dealer and clearing agency without authorization. US derivatives watchdog, the Commodity Futures Trading... Read More
Posted: Jun 5 2023, 17:29
Author Name: financemagnates
Views: 102134

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