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Binance and BAM Trading in Hot Water for Refusing to Register as an Exchange

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The U.S. SEC has lodged a fifth claim against Binance, alleging that the exchange failed to register as a national securities exchange for binance.com platform.

The SEC has initiated a fifth claim against Binance, asserting that the exchange violated Exchange Act Section 5 by failing to register as an exchange for its Binance.

com platform. This claim revolves around the definition of an "exchange" and the use of facilities within the United States. Read on for insights into this SEC enforcement action.

 

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