The Securities Commission issued a decision regarding Binance Holdings Limited, focusing on the company’s compliance with securities laws. The key facts include allegations that Binance operated an unregistered securities exchange, thereby violating securities regulations. The Commission’s reasoning centered on the necessity for exchanges to be registered to ensure investor protection and market integrity. The outcome was a directive for Binance to cease operations in the jurisdiction until proper registration is obtained. This decision was underpinned by relevant securities laws requiring the registration of exchanges to legally offer trading services.
