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
Chinese regulators will add crypto businessmen to the list of “unreliable persons”
The authorities of Inner Mongolia (an autonomous region in northern China) have developed a plan to implement the orders of the State Council to combat Bitcoin mining and trading.
The Japanese government has proposed changes to taxation
To encourage widespread adoption of cryptocurrencies in the country and reduce losses for investors, Takeshi Fujimaki, a spokesman for the opposition political party Nippon Ishin, recommended four amendments to the legislation.
