US regulators investigates Binance’s BNB Token

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    According to individuals familiar with the situation, US regulators are looking into whether Binance Holdings Ltd. violated securities laws by selling digital tokens just as the crypto exchange was getting off the ground five years ago.

    The Securities and Exchange Commission’s investigation looks into the company’s beginnings as well as those of its BNB token, which is currently the world’s fifth-largest. Investigators are looking into whether the 2017 initial coin offering amounted to the sale of a security that should have been registered with the agency, according to persons who spoke on the condition of anonymity to discuss the private investigation.

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