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SEC files criminal charge against Binance
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published : 3 Jul 2021 at 08:33 Binance faces regulatory challenges in several countries.
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Binance, the world s largest cryptocurrency exchange platform, for illegally operating a digital asset business without a licence under the Digital Asset Businesses Decree.
Before taking the legal action, the SEC issued a warning letter in April requiring Binance to submit a written explanation for its unauthorised advertisements and posts on its website and Facebook account soliciting the Thai public and investors to use its services.
However, Binance failed to submit a response within the specified time frame.
Bitkub told to fix platform issues
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Investor confidence dips on shutdown
published : 20 Jan 2021 at 06:30
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Thai cryptocurrency exchange Bitkub Online temporarily shut down its desktop trading platform on Tuesday following an order from the Securities and Exchange Commission (SEC) giving the company five days to fix issues with its platform which had crashed three times this month due to spikes in activity.
After being closed for 16 hours, its mobile application platform reopened for trading at 17.25.
The situation has raised fears among investors that they may lose their money if the site shuts down for good or cannot handle trading volumes, says an industry veteran who requested anonymity.