Cryptocurrency exchange Binance has reached a settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, agreeing to pay $1.76 million to put an end to allegations of unlicensed derivatives trading in the country. This settlement follows a year-long investigation into Binance’s operations in Brazil, which began in July 2020 when the CVM ordered
Exchanges
The recent lawsuit filed by Australia’s Securities and Investments Commission (ASIC) against the Australia Securities Exchange (ASX) Ltd. reveals serious allegations of deceptive practices. ASIC claims that ASX made false statements about its blockchain trade settlement project in February 2022. The ASX had stated that the project was “on track” for an April 2023 launch
In a recent development, a US appeals court made a significant decision regarding a class-action lawsuit against Binance.US and CoinMarketCap. The plaintiff, Ryan Cox, alleged that the two platforms manipulated the price of the Hex token for their financial gain. Cox argued that Hex was unfairly undervalued while other cryptocurrencies were inflated in value. Initially,
The recent submission of a comment letter by Coinbase to the US Securities and Exchange Commission (SEC) regarding the proposal to expand the definition of “exchange” has sparked intense debate within the cryptocurrency industry. Coinbase, along with other industry players, has expressed strong opposition to the SEC’s proposal, citing concerns over stifled innovation and unworkable
The Venezuelan government’s decision to restrict access to Binance’s website has caused turmoil among users following controversial presidential election results. Like many other companies in Venezuela, including social networks, Binance pages have been facing access restrictions. This move has raised concerns among users about the security of their funds, as Binance plays a crucial role