said it is leaving the Netherlands after failing to register with the country’s financial authorities, as the world’s largest. "e are operating as a fking unlicensed securities exchange in the USA bro," he wrote. 1624796D BINANCE HOLDINGS LTD Private Company Binance Holdings Ltd. The agency points to a message Binance's chief compliance officer sent to a colleague in 2018: The defendants "chose not to register, so they could evade the critical regulatory oversight designed to protect investors and markets," the S.E.C said, in its suit. In speeches and congressional testimony, Gensler has called on crypto companies to register with the S.E.C. Learn the basics so you can start your crypto journey with confidence. Binance.US is the crypto trading platform for US residents where you can buy, sell, and trade cryptocurrencies and alt coins with some of the lowest fees in the US. "We intend to defend ourselves vigorously," the company said. Crypto Trading Platform Buy, Sell, & Trade Crypto in the US Binance.US Check Prices New to crypto We're here to help. The freeze would have no effect on the company’s larger global exchange, which is already prohibited from operating. In a statement posted on Twitter, Binance.US called the lawsuit "baseless." Binance.US oversees 2.2 billion in crypto holdings, according to the S.E.C. "Zhao and Binance secretly controlled the Binance.US platform's operations behind the scenes," the agency said, in a statement. operations independently, but according to the S.E.C., that firewall has been more permeable than the company has let on publicly. Two subsidiaries, BAM Trading and BAM Management, supposedly controlled the U.S. Read our Binance.US review to learn about the cryptocurrencies offered, fees, customer service, and more that Binance.US offers and whether its right for you. customers" to trade on its international exchange. Advertise With Us, opens new tab Advertising Guidelines, opens new tab Coupons. says the company and its chief executive "subverted their own controls to secretly allow high-value U.S. Binance has issued a cease and desist order to 'Binance Nigeria Limited'. As such, U.S.-based investors aren't supposed to use Binance's global platform, known as .īut in today's filing, the S.E.C. Since 2019, Binance has run a separate exchange for customers in the United States, known as Binance.US, to comply with U.S.
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