![]() It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. Understanding Binance Coin (BNB)īinance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. We are continuing to monitor the situation closely. According to the SEC, the two companies, which operate Binance.US, misrepresented trading controls and oversight, operated unregistered exchanges, broker-dealers, and clearing agencies, and participated in the unregistered offer and sale of securities to U.S.-based investors. On June 5, the SEC charged Binance Holdings Ltd., BAM Trading Services Inc., and their founder, Changpeng Zhao, with various securities law violations. ![]() The process is simple and transparent at the same time. 17, 2023, in response to the Securities and Exchange Commission (SEC) lawsuit filed against Binance.US on June 5, 2023. Its as easy as pie to convert Bitcoin to Dogecoin with ChangeNOW. dollar deposits, withdrawals, and trades on Oct. This came just one month after Binance paused all U.S. Binance agreed to pay $4.3 billion to settle charges Changpeng Zhao stepped down as CEO and agreed to pay $50 million toward the settlement. 21, 2023, Binance and its CEO, Changpeng Zhao, pleaded guilty to money laundering charges.
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