Cryptocurrency Q&A
Is Binance app legal?
Is Binance app legal?
Giuseppe
Sat Feb 22 2025
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6
answers
1094
The Binance app, a popular cryptocurrency trading platform, has been a subject of discussion regarding its legality. While the app itself is legitimate, its legality for users depends on the specific laws and regulations of their country or region. Some countries have strict regulations on cryptocurrency trading, while others are more lenient. Therefore, it's essential for users to understand the legal status of Binance app in their respective jurisdictions before engaging in any trading activities.
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6 answers
GinsengBoost
Mon Feb 24 2025
In June 2023, the SEC regulator initiated legal action against Binance.
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Lucia
Sun Feb 23 2025
The regulator further alleged that Binance diverted customer funds for its own gain.
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GwanghwamunPride
Sun Feb 23 2025
The SEC also targeted Binance's U.S. unit as part of the lawsuit.
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TaegeukChampionship
Sun Feb 23 2025
The SEC claimed that Binance misled investors about its market surveillance controls.
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KatanaBlade
Sun Feb 23 2025
Changpeng Zhao, the founder of Binance, was named as a defendant in the case.
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