Binance Cryptocurrency Exchange Faces Criminal Complaint From Thailand SEC for Operating Without Licence

Binance was last week banned in Britain from carrying out regulated activities.

Advertisement
By Reuters | Updated: 2 July 2021 17:49 IST
Highlights
  • In Thailand, only licenced firms are allowed to provide services
  • The company has said it takes its compliance obligations seriously
  • It was found that Binance has provided platform services for trading

Britain's financial watchdog had barred Binance from carrying out regulated activities in the country

Thailand's Securities and Exchange Commission (SEC) has filed a criminal complaint against cryptocurrency exchange Binance for operating a digital asset business without a licence, the latest in a growing worldwide crackdown on the platform.

"It was found that Binance has provided platform services for trading or exchanging digital assets via its website..." the SEC said on Friday.

Advertisement

"The aforementioned activities of Binance is liable to operating digital asset business in the category of digital asset exchange without licence."

In Thailand, only licenced firms are allowed to provide services related to digital asset trading, the country's regulator said.

Advertisement

A Binance spokesperson did not immediately reply to a request for comment.

Britain's financial watchdog had last week barred Binance from carrying out regulated activities in the country.

Advertisement

The company has previously said it takes its compliance obligations seriously and was committed to following regulatory requirements wherever it operates.

© Thomson Reuters 2021


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Binance, cryptocurrency
Advertisement

Related Stories

Popular Mobile Brands
  1. Best Smartphones With 200-Megapixel Cameras to Buy in India in 2026
  1. IFA 2026: Lenovo Unveiled New IdeaPad, Yoga and ThinkBook Laptops
  2. IFA 2026: Nvidia RTX Spark PCs, Local AI Tools Announced With October Launch Planned
  3. WhatsApp Reportedly Rolling Out Third-Party AI Agent Chats to Android Users
  4. Luna Band Now Available Globally: Check Price in India, Specifications and Features
  5. Pocket Bitcoin Data Breach Exposes Personal and Financial Information of 5,411 Customers
  6. Google Pixel Watch 5 Stephen Curry Special Edition Goes on Sale: Price, Features and More
  7. IFA 2026: Noise Master Buds Open With Sound by Bose Technology Unveiled
  8. Binance Warns of Phishing Scam Targeting Crypto Users With Fake Account Security Alerts
  9. Oppo Find X10 Pro Max, Find X10 India Launch Seems Imminent as Phones Appear on Certification Site
  10. Xiaomi Smart Band 11 Active Launched With Up to 21 Days of Battery Life; Smart Band 11 Price, Features Revealed
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.