Crypto Major Binance Hit With Criminal Complaint In Thailand – Law360


Law360 (July 2, 2021, 6:24 PM EDT) — Thailand’s securities regulator said Friday it has filed a criminal complaint against cryptocurrency exchange Binance, news that comes within days of a Cayman Islands announcement that it’s scrutinizing the exchange and the U.K.’s move to ban Binance’s operations in the country.

Thailand’s Securities and Exchange Commission filed a criminal complaint against Binance, alleging the cryptocurrency heavyweight is operating a digital asset business without a license.

“Binance has solicited the Thai public and investors to use its services,” either through its website or a Facebook page titled “Binance Thai Community,” the SEC said.

The criminal complaint follows a written warning in April…

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