The most popular cryptocurrency has doubled in price over the last year. Regulatory changes in the U.S. and the foreseeable drop in interest rates have boosted its performance. Young investors tend to be attracted to Bitcoin, often unaware of the risks they’re taking
The platform, which has been delisted and registered ‘unaccounted for,’ has been moving money to places such as Seychelles, Kazakhstan and Lithuania
Binance and Coinbase are both alleged to have violated the law by operating as securities exchanges without registering their businesses with the Securities and Exchange Commission
The United States’ markets regulator, the Securities Exchange Commission, sued the company and called for it to be totally banned in the country
The U.S. agency accused the platform of operating an unregistered securities platform and brokerage service. The lawsuit comes a day after charges were filed against Binance, the world’s largest crypto exchange
The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a Wells Notice from the agency
