Scoop: European states working with SEC on Binance investigation
Police and financial regulators in several European countries are collaborating with the US Securities and Exchange Commission (SEC) to unravel more information on Binance, sources close to the matter told Protos. The SEC has been soliciting information on Binance’s activities from several European nation-states for some time and a number of them have been spurred into action after the exchange was indicted by the SEC and accused of commingling funds earlier this month. Other Europe an authorities are still in the process of assessing the complexity of Binance ’s case and are yet to comply with the SEC ’s requests for information. Binance’s opaque European network Like FTX, Binance has dozens if not hundreds of companies registered across the world, many of them in Europe. Apart from having a license to serve as a crypto exchange in countries like France and Cyprus, and in Spain through its subsidiary MoonPay, it has or had other companies registered in the...