America’s chief financial markets watchdog has filed 13 charges against Binance, the world’s largest crypto exchange, and its chief executive Changpeng Zhao.
The Securities and Exchange Commission charged the defendants with a variety of securities laws violations, including operating unregistered exchanges, broker-dealers and clearing agencies, as well as misrepresenting trading controls, according to court documents. The charges also allege the unregistered offer and sale of securities.
The entities charged include Binance Holdings Ltd, a Cayman Islands entity which acts as a parent company for the wider group, and BAM Trading Services Inc., which operates the Binance.US trading platform.
Binance and Binance.US did not immediately respond to a request for comment.
Read more on Binance here