Binance Faces SEC Legal Action for Violating US Securities Laws

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Binance, one of the world’s largest cryptocurrency exchanges, is facing legal action from the US Securities and Exchange Commission (SEC) for breaching US securities laws. The investigation focuses on concerns regarding non-compliance with necessary licenses and regulations, as well as whether Binance operates as an unlicensed financial intermediary and trades digital securities that could be deemed traditional securities. This investigation may impact Binance’s operations in the US and necessitate changes in its business practices.

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