Florida regulators shouldn’t have denied Binance the ability to operate in the state since they failed to follow proper procedures for blocking the crypto exchange, a state appeals court ruled Wednesday.
A state affiliate of the world’s largest online exchange firm can’t be blocked from operation in the state under an emergency suspension order issued by state financial regulators that failed to back up their legal conclusions, the First District Court of Appeals unanimously ruled.
The state’s November 2023 order came on the heels of former Binance Holdings CEO Changpeng Zhao pleading guilty to federal finance charges. The court ...
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