Thailand's financial regulator has opened a criminal case against Binance for unregistered activities.
The Securities and Exchange Commission of Thailand (SEC) stated that Binance is operating in the country without permission and has opened a criminal case.
According to the regulator, the exchange allows Thai residents to exchange digital assets without the necessary license. In addition, Binance promotes cryptocurrencies in the country through its Facebook group “Binance Thai Community” and on the exchange website.
On April 5, the SEC sent a warning letter to Binance, but the company did not provide a response within the allotted time. Now the regulator has filed a criminal complaint with law enforcement agencies, and the investigation has already begun.
Recall that Binance previously received warnings from financial regulators Cayman Islands, Great Britain, Singapore and Japan.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to www.theblockcrypto.com
You May Also Like
Estonia has issued more than 900 licenses to crypto companies
Estonia has become one of the most loyal jurisdictions for the crypto industry in the European Union. The country has already issued more than 900 licenses for conducting cryptocurrency business.
The Federal Reserve has published a report on the US “digital dollar”
The Federal Reserve has released a report outlining the potential advantages and disadvantages of issuing a digital dollar.
