Judge Drops SEC Claims On Binance’s BNB Sales As Securities
Judge Jackson dismissed the SEC’s claims that the secondary sale of Binance BNB coins qualify as securities. However, she let the SEC pursue charges related to Binance’s BNB staking program, anti-fraud issues, and BNB sale after the ICO. Judge Amy Berman Jackson has dismissed the SEC’s claim that the secondary sales of Binance’s BNB coins qualify […]
Nigerian High Court Dismisses Binance Executive’s Lawsuit
Binance executive Nadeem Anjarwalla fled prison and traveled to Kenya, and his colleague will press claims in court next month. Local press reports indicate that the Nigerian High Court has dismissed a lawsuit initiated by Binance regional manager Nadeem Anjarwalla. Anjarwalla claimed that his fundamental rights were violated by Nigerian government agencies when they detained […]
Binance Instructs Prime Brokers to Screen US Investors
Binance instructs prime brokers, such as FalconX and Hidden Road, to collect detailed customer information to strengthen compliance and regulatory initiatives. Binance reportedly instructed prime brokers to conduct stronger verification measures to prevent US investors from accessing the cryptocurrency exchange. The repercussions of the plea agreement reached with US authorities last year have prompted this action. […]