Currency Circle Turbulence? Is BNB under investigation as a series of currencies have been taken off the shelves of Coin An?

Coin An will be delisted from HOT/BNB, PERL/BNB, SPELL/BNB trading pairs at 11:00 on June 9, 2022On June 7th, according to sources familiar with the matter, the US Securities and Exchange Commission is investigating whether the trading platform Coin On has violated securities rules by issuing Coin On Coin (BNB) five years ago when it first started. The SEC's review conducted an in-depth investigation into the development starting point of the company and its BNB tokens

Coin An will be delisted from HOT/BNB, PERL/BNB, SPELL/BNB trading pairs at 11:00 on June 9, 2022

On June 7th, according to sources familiar with the matter, the US Securities and Exchange Commission is investigating whether the trading platform Coin On has violated securities rules by issuing Coin On Coin (BNB) five years ago when it first started. The SEC's review conducted an in-depth investigation into the development starting point of the company and its BNB tokens. Insiders say investigators are investigating whether the initial token issuance (ICO) of Coin An in 2017 was equivalent to selling a security that should have been registered with the institution. For Coin An, the initial review of BNB's establishment may be a disturbing matter as it faces multiple investigations in Washington. The US Securities and Exchange Commission has taken dozens of enforcement actions against ICO.

The United States Securities and Exchange Commission (SEC) is reviewing whether Binance's BNB tokens are unregistered securities issuances. Coin An conducted its first token issuance (ICO) in July 2017, and the exchange raised a total of $15 million.

The US Securities and Exchange Commission is investigating the origin of the company and its BNB token, which is now the world's fifth largest token. For Coin An, this may be a disturbing development as it faces multiple investigations in Washington. The SEC has taken dozens of enforcement actions against ICO, including issuing virtual tokens to raise funds.

Coin An operates the world's largest exchange, and the company stated that it is not registered in any country, but has branches worldwide. Bloomberg previously reported that Coin An faces investigations from the Department of Justice, the Commodity Futures Trading Commission, and the US Internal Revenue Service.

2022 is really a turbulent year in the currency industry! Can the coin circle still rise due to events such as Luna leaving, BTC plummeting, ETH amplitude, etc?

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