Business

SEC put BNB under the scope

The US Securities and Exchange Commission (SEC) is investigating whether Binance Holdings Ltd, one of the world’s largest cryptocurrency exchanges, violated securities rules by selling BNB when it launched five years ago.

US regulators are investigating whether Binance violated securities rules by selling BNB, now the world’s fifth largest token, when it launched five years ago.

According to the information obtained, investigators are examining whether the first coin offering in 2017 coincided with the sale of a security that should have been registered with the organization.

Market experts consider the review of BNB to be a disturbing development for Binance, which is facing multiple investigations in Washington.

In a statement on the subject, Binance stated that it would not be appropriate for them to comment on the ongoing discussions with the regulators, but that they will continue to meet all the requirements set by the regulators.

Source: NTV / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button