The U.S. Securities and Exchanges Commission (SEC) has been investigating Binance over allegations of violations during the launch of the Binance Coin (BNB). BNB ICO In Trouble After 5 Years
The Binance Coin is the official crypto of the Binance ecosystem and was launched in an initial coin offering (ICO) back in 2017. Now, five years later, the SEC has accused the crypto exchange of breaking securities rules during the ICO and is investigating the same. The SEC, which believes that most cryptocurrencies are securities, has filed charges of securities rule violation against many ICO projects. In addition, there have been claims that at least one U.S. resident had participated in the BNB ICO in 2017, which has given the SEC a reason to investigate the exchange for securities …
Source : cryptodaily.co.uk
Founded in 2017, Crypto Daily originally started as the world’s first free-to-publish crypto news platform, and operated under this model in response to what it deemed as the centralization of information by the largest media outlets. However, owing to the financial demands of running a full time media website, the free-to-publish model was not sustainable enough in which to continue bringing diverse content to the masses.
