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SEC files criminal charge against Binance
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published : 3 Jul 2021 at 08:33 Binance faces regulatory challenges in several countries.
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Binance, the world s largest cryptocurrency exchange platform, for illegally operating a digital asset business without a licence under the Digital Asset Businesses Decree.
Before taking the legal action, the SEC issued a warning letter in April requiring Binance to submit a written explanation for its unauthorised advertisements and posts on its website and Facebook account soliciting the Thai public and investors to use its services.
However, Binance failed to submit a response within the specified time frame.
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