[Update] Binance Comments on SEC Advisory
Update: Binance says that under its new leadership, it will take steps to address the SEC’s concerns.
![[Update] Binance Comments on SEC Advisory](https://bitpinas.com/wp-content/uploads/2023/08/BitPinas-Banner-768x403.png "[Update] Binance Comments on SEC Advisory 1")
[Breaking News] Philippines SEC Issues Advisory Against Binance for Unauthorized Operations
This move comes just after the SEC recently said it will start naming unlicensed exchanges in its advisories going forward, as well as working with the National Telecommunications Commission (NTC) to block access to the exchanges’ websites.
Interview: SEC To Work With NTC to Block Access to Unregistered Exchanges
This initiative is part of the SEC’s broader strategy to safeguard investors from potential risks associated with unregulated digital asset platforms.
SEC Exposes OCTAFX/OCTA TRADING’s Unauthorized Investment Activities in the Philippines
SEC says OctaFX is not authorized to sell or offer securities in the country.
Binance Pleads Guilty to Violating U.S. Bank Secrecy Act and Pays $4.3 Billion Fine, CZ Steps Down as CEO
In a major victory for the U.S. government, cryptocurrency exchange Binance has pleaded guilty to violating the Bank Secrecy Act (BSA) and causing a financial institution to violate the BSA. The company will pay a $4.3 billion fine, which is among the largest penalties ever obtained from a corporate defendant. The charges against Binance stem…
FTX Founder Sam Bankman-Fried Convicted in Landmark Fraud Case
Bankman-Fried was accused of defrauding FTX’s customers, lenders, and investors, leading to the collapse of the cryptocurrency exchange and its sister trading firm Alameda Research.
BlockDevs Asia Proposes Digital Asset Safe Harbor on SEC Regulatory Sandbox
BlockDevs Asia Inc. submits key recommendations to the SEC’s Regulatory Sandbox Framework draft, advocating for changes to foster innovation and enhance flexibility in financial technology development.
SEC Announces Webinar About Cryptocurrencies
Learn about the SEC’s free webinar on October 10 which aims to educate Filipinos about cryptocurrency investment risks and scams.
This Week: Former FTX CEO Sam Bankman-Fried’s Criminal Trial Starts
FTX’s former CEO Sam Bankman-Fried stands trial for cryptocurrency fraud charges, facing allegations of embezzlement and deception.
Fed Court Denies U.S. SEC’s Appeal on Loss vs. Ripple
Judge Torres instead scheduled an April 2024 trial date, so the other issues that still need resolution will be addressed.