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On Monday, the US Securities and Exchange Commission (SEC) sued Binance, its chief executive Changpeng Zhao and the operator of US affiliate Binance.US over a ‘web of deception’ to evade US securities laws.
Still, crypto investors have taken encouragement from the world’s biggest asset manager, BlackRock, filing to launch a bitcoin exchange traded fund last month.
Earlier in July exchange operator Cboe refreshed its filing for a similar fund to be run by asset manager Fidelity.
(Reporting by Lewis Jackson; Editing by Jamie Freed)
U.S.
regulators sued the world’s biggest cryptocurrency exchange this week, alleging Binance inflated trading volumes and diverted customer funds among other claims.
“Customers who make payments to crypto-currency exchanges are currently facing a significantly higher risk of potentially being scammed,” said James Roberts, general manager of CBA’s group fraud management services in a statement accompanying the decision.
Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry. (Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath)
Everyone scared with the ripple cryptocurrency because of that price Down past few months. I knew about it, at that time is very bad for Ripple (XRP) investors, I also lose $300 us dollars in Ripple cryptocurrency but Now I believe on it.
I hope I’ll start again to grow.
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