Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Binance Crypto Exchange Faces Scrutiny in Thailand, Caymans

July 2, 2021, 5:24 PM

Binance Holdings Ltd. is facing increasing attention from regulators, with Thailand and the Cayman Islands becoming the latest nations to weigh in on the dealings of the largest cryptocurrency exchange.

Thailand’s Securities and Exchange Commission filed a criminal complaint Friday against Binance with a division of the Royal Thai Police for operating a digital-asset business in the country without a license. The Cayman Islands’ financial regulator said Binance wasn’t authorized to operate in the territory.

On Thursday, the Monetary Authority of Singapore said it would follow up as required with the local unit of Binance because of scrutiny from authorities ...