Thailand's financial regulator has filed a criminal case against Binance for unregistered activity.
The Securities and Exchange Commission of Thailand (SEC) said that Binance is operating in the country without permission and has opened a criminal investigation into the matter.
According to the regulator, the exchange allows residentsThailand to exchange digital assets without the required 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 letterBinance, however, 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 earlier Binance received warnings from the financial regulators of the Cayman Islands, the UK, Singapore and Japan.
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Based on materialswww.theblockcrypto.com
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