The Securities Commission issued a decision regarding Binance Holdings Limited, addressing violations of securities laws. The key facts include Binance’s operation of a cryptocurrency trading platform accessible to residents without proper registration or compliance with local securities regulations. The Commission’s reasoning emphasized the necessity for platforms dealing with securities to adhere to regulatory standards to protect investors and maintain market integrity. The outcome was an order for Binance to cease operations in the jurisdiction until it achieves full compliance with the relevant securities laws and regulations. This decision underscores the importance of regulatory adherence for entities involved in securities trading.
