[ccpw id="5"]

[ccpw id="5"]

HomeLatest Crypto NewsBinance's BNB Token is being investigated by US regulators - Relinko

Binance’s BNB Token is being investigated by US regulators – Relinko

-


reported Monday that the Securities and Exchange Commission (SEC) is investigating whether Binance’s 2017 initial coin offering (ICO) of its Binance coin (BNB) token was an unregistered security offering that should have been registered with the regulatory agency, citing anonymous sources.

According to Bloomberg, the SEC is investigating whether Binance currency’s initial coin offering should have been registered as a security.

Binance’s spokesperson told CoinDesk via email, “Without commenting on the details of the reported probe,” “We have been working very hard to educate and assist law enforcement and regulators in the United States and internationally as the industry has grown at a rapid pace, while also adhering to new guidelines. We will continue to meet all regulatory standards.”

The Justice Department, the Commodity Futures Trading Commission (CFTC), and the Internal Revenue Service are all investigating Binance in the United States. Binance is the largest cryptocurrency exchange in the world, and it claims it is not based in any one country.

The SEC is also looking into market-making companies that conduct business with Binance and are completely or substantially controlled by Binance CEO Changpeng Zhao.

Bloomberg said that a person familiar with the study said that US, a US-based affiliate of the global exchange, was under investigation.

One of the SEC’s main concerns, according to the report, is if Binance.us is truly independent of the global exchange and whether staff are engaging in insider trading.

A spokeswoman for the Securities and Exchange Commission (SEC) declined to comment on the possibility of an investigation. At the time of reporting BNB price ($282.40) down by 8.10%.

Report

Newsletter

Want more stuff like this?

Get the best viral stories straight into your inbox!





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

नया पॉलीगॉन वेब3 प्लेटफॉर्म फ्रंटफैंज ने प्लेटफॉर्म पर 100 से अधिक क्रिएटर्स को साइन किया है

फ़्रंटफ़ैन्ज़महिला के नेतृत्व वाला उद्यम . द्वारा स्थापित रोज़ी सिना तथा स्टेसी कार्ला, ने सामग्री निर्माता अधिग्रहण की अपनी अगली लहर की घोषणा...

क्या बिटकॉइन माइनर रिजर्व का बहिर्वाह मजबूत बिक्री दबाव पैदा करने के लिए पर्याप्त है

बिटकॉइन ट्रेडर के रूप में सफल होने के सर्वोत्तम तरीकों में से एक है संभावित रुझानों को उनके घटित होने से पहले या उनके...

डायनामिक एनएफटी के साथ संग्रहणीय स्पोर्ट्स कार्ड में क्रांति लाने के लिए आधिकारिक तौर पर लाइसेंस प्राप्त एनएफटी प्लेटफॉर्म ओएनआईसी – प्रायोजित बिटकॉइन समाचार

प्रायोजित क्या आपके पास विजेताओं को चुनने की प्रतिभा है? क्या आप एथलीटों के करियर का अनुसरण करते हैं और जानते हैं कि...

Zipmex gets 3 month protection in Singapore amid halted withdrawals

Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than...

Most Popular

spot_img