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.
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According to www.theblockcrypto.com
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