United State /
Thailand’s financial sector regulator has filed a criminal complaint against crypto exchange Binance for operating unauthorized digital assets, the latest in a series of actions against the company globally.
The Securities and Exchange Commission (SEC) Thailand said in a statement that Binance is operating a company “in the digital asset exchange category” without a license.
The Securities and Exchange Commission of Thailand has indicated that only authorized firms can provide services related to digital asset trading.
The commission said it had warned Binance about its activities in a letter in April but had received no response, prompting it to To file a criminal complaint with the Thai police.
A Binance spokesperson declined to comment specifically on the complaint in Thailand, saying that Takes a collaborative approach to working with regulators It takes seriously the fulfillment of its obligations.
Britain’s Financial Supervisory Authority last week banned the company, one of the world’s largest stock exchanges, from conducting regulated activities in the country.
The Japanese regulator said last week that Binance was operating illegally in the country, while the German watchdog said in April that it risked a fine for providing stock-linked tokens.
in May, Bloomberg It is reported that Binance is under investigation by the US Department of Justice and the Internal Revenue Service.
The commission said the complaint filed in Thailand by the US Securities and Exchange Commission is the start of criminal proceedings, with a police investigation likely to lead to the recommendation of a prosecutor who has the power to bring charges.
The offense is punishable by imprisonment from two to five yearsHe added that a fine of between 200,000 and 500,000 baht ($6,200 to $15,500) and an additional daily fine of up to 10,000 baht for each day the violation continues.