Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. At press time, the price of Bitcoin stands at $26,682 per coin. The regulatory agency had also come after several other crypto exchanges in recent months, including Kraken and Coinbase.īitcoin has lost more than 2% of its value so far today and could fall below the $26k level soon following this latest development.
This latest development comes two weeks after the SEC sued Bittrex, one of the world’s largest and oldest cryptocurrency exchanges, and co-founder and ex-CEO William Shihara for violating securities laws. As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied.” “Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law. The lawsuit also alleges that CZ exercised control over customer assets, adding that he commingled them with personal and company holdings. securities laws which prohibits unregistered exchanges from servicing U.S. customers” to trade on the platform in violation of U.S. The regulatory agency alleges that Binance secretly allow high-value U.S. This latest cryptocurrency news doesn’t come as a surprise to some experts in the industry, as the regulatory agency has been going after cryptocurrency exchanges in recent months. According to the Wall Street Journal, the regulatory agency has sued Binance and its CEO for breaking US securities rules. This is according to a report by The Wall Street Journal a few minutes ago.
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s leading cryptocurrency exchange, and Changpeng Zhao, the CEO of the company. The regulatory agency has also sued Changpeng Zhao (CZ), the CEO of the cryptocurrency exchange. The US SEC has sued Binance for breaking securities rules.
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