Cryptocurrency Q&A
Are Binance & Coinbase in compliance?
Are Binance & Coinbase in compliance?
Martina
Wed Aug 28 2024
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7 answers
1709
I'm curious about the regulatory compliance status of two major cryptocurrency exchanges, Binance and Coinbase. As they continue to grow in popularity and transaction volume, it's essential to ensure they're adhering to the laws and regulations in the various jurisdictions they operate in. Can you provide some insight into their compliance efforts and any potential regulatory issues they may be facing? It's important for investors and users to understand the legal framework these exchanges operate within.
7 answers
MysticGalaxy
Fri Aug 30 2024
The SEC's move comes amidst growing concerns about the lack of oversight and regulation in the cryptocurrency market. Many experts have called for stricter rules to protect investors from fraud and manipulation.
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IncheonBeauty
Fri Aug 30 2024
The lawsuits against Binance and Coinbase are the latest in a series of enforcement actions taken by the SEC against crypto companies. The agency has been actively pursuing cases against exchanges, initial coin offerings (ICOs), and other crypto-related entities for violating securities laws.
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JejuSunshineSoulMateWarmth
Fri Aug 30 2024
The U.S. Securities and Exchange Commission (SEC) has taken a significant step in regulating the cryptocurrency market by filing lawsuits against two of the largest exchanges, Binance and Coinbase. The SEC's actions underscore its commitment to enforcing securities laws in the rapidly evolving digital asset space.
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Michele
Fri Aug 30 2024
Binance, one of the world's largest crypto exchanges, has faced criticism for its lack of transparency and regulatory compliance. The SEC's lawsuit alleges that Binance failed to register its digital asset securities offerings with the agency, in violation of federal securities laws.
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Maria
Fri Aug 30 2024
In a live interview with CNBC, SEC Chair Gary Gensler emphasized that the lawsuits are aimed at protecting both investors and issuers in the crypto market. He highlighted the importance of bringing these market participants into compliance with existing regulations.
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