SEC files criminal charge against Binance 4 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.