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Binance and SEC Reach Agreement on US Customer Funds and Wallet Keys

1 min read
Source: CoinDesk
Binance and SEC Reach Agreement on US Customer Funds and Wallet Keys
Photo: CoinDesk
TL;DR Summary

Binance and Binance.US have reached a temporary agreement with the SEC to ensure that only Binance.US employees can access customer funds, wallets, and Amazon Web Services tools. The agreement also requires Binance.US to create new crypto wallets that global exchange employees cannot access, provide additional information to the SEC, and agree to an expedited discovery schedule. The SEC sued Binance and Binance.US last week on charges of offering and trading unregistered securities, but also alleged massive commingling of funds and poor practices.

Topics:business#binance#cryptocurrency#cryptocurrency-trading#customer-funds#sec#security
Share this article
  1. Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore  CoinDesk
  2. Binance.US Cuts Workers After SEC Lawsuit  Bloomberg Television
  3. SEC sues Binance, part 2: asset freeze, securities, Coley and Brooks, Gensler's alleged COI  David Gerard
  4. Gravitas: US regulators crackdown on cryptocurrency exchanges  WION
  5. Binance, SEC strike deal to move all US customer funds, wallet keys back onshore - CoinDesk  Reuters

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