A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related companies.
Thailand’s Regulator Files Criminal Complaint
The Thai Securities and Exchange Commission announced Friday that it “has filed a criminal complaint against Binance … with the Economic Crime Suppression Division of the Royal Thai Police (ECD).” According to the SEC:
Binance has solicited the Thai public and investors to use its services, either via its website or Facebook page: Binance Thai Community.
The securities regulator stated that it issued a warning letter to Binance on April 5 but the company failed to submit a response within the specified time.
The SEC said that Binance is operating a crypto exchange business without a license. The company is therefore “liable to criminal sanction…
