Coin security is difficult to secure, and has been repeatedly accused by Bloomberg and Reuters.Recently, Bloomberg reported that the Securities and Exchange Commission of the United States launched an investigation on the native token BNB of Cian, a cryptocurrency exchange
Coin security is difficult to secure, and has been repeatedly accused by Bloomberg and Reuters.
Recently, Bloomberg reported that the Securities and Exchange Commission of the United States launched an investigation on the native token BNB of Cian, a cryptocurrency exchange.
According to the news, the SEC is investigating whether the sale of BNB tokens by its founder Zhao Changpeng, Binance, the world's largest cryptocurrency exchange, constitutes an unregistered securities sale during its initial token issuance (ICO) in 2017.
In response to the suspicion of money laundering, Qian An responded: "Ignoring authors and experts who select data, relying on unverifiable" leaks "provided by regulatory agencies, and promoting encryption paranoia for reputation or economic gain. On the contrary, only look at the facts. Our industry and currency security are not perfect, but we have achieved leapfrog development in the past three years. Encryption is a completely new innovation. Like many regulatory agencies and policymakers,We are still researching what an appropriate regulatory framework should look like According to Chainalysis, a blockchain analysis company specializing in encryption and blockchain analysis, 0.15% of all transactions using cryptocurrency in 2021 were related to certain types of illegal activities. The United Nations estimates that 2% to 5% of the traditional legal currency (cash), calculated in current dollars, is about 800 billion to 2 trillion dollars, related to some type of illegal activities.Cryptocurrencies are very transparent, more transparent than traditional cash economies, and this is well documented.
Affected by the volatility of the cryptocurrency market, SEC investigation turmoil, and reports of suspected money laundering, BNB has fallen by over 8% in the past 24 hours and recently quoted $280.
It is worth noting that in recent years, Coin Security has indeed faced scrutiny from various regulatory agencies in the United States.
There are reports that in the Terra crash, according to securities laws, the United States is preparing to initiate large-scale arbitration against the sale of UST and LUNA to US clients by Coin An, Gemini, Kraken, and Coinbase. In February of this year, the SEC also investigated the relationship between Binance. US and two trading companies under Zhao Changpeng, SigmaChainAG and MeritPeakLtd. In addition, the US Department of Justice and the Internal Revenue Service are also closely monitoring currency security due to involvement in money laundering and tax violations.
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.
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