Coin

<ul class="news-points">
 <li>Binance is facing a fresh legal battle in Ontario, Canada.</li>
 <li>The Superior Court of Justice in Ontario has filed a class action lawsuit against Binance.</li>
 <li>The court accused Binance of failing to comply with necessary registrations and prospectus filings.</li>
</ul>
Binance, the world’s largest cryptocurrency exchange by volume, is facing a fresh legal battle, this time, in Ontario, Canada. According to reports, the Superior Court of Justice in Ontario has filed a class action lawsuit against the cryptocurrency exchange. The Court alleged that Binance sold crypto derivative products to retail investors without registration, violating securities laws.
The recent <a href="https://www.financemagnates.com/cryptocurrency/binance-under-fire-ontario-court-certifies-class-action-over-crypto-derivatives/" target="_blank" rel="noopener noreferrer nofollow">lawsuit</a> seeks both damages and rescission for the affected trades, accusing Binance of failing to comply with necessary registrations and prospectus filings as stipulated by securities regulations.&nbsp;
Meanwhile, the court stated in the filed motion that the plaintiffs in the class action claimed the sales were illegal and void for lack of the required registration. The court recognized the classification of crypto contracts under current regulations, noting that they are considered securities or derivatives, and mar…
The post <a href="https://coinedition.com/binance-faces-fresh-legal-battle-as-ontario-court-files-for-class-action/" rel="noopener noreferrer nofollow">Binance Faces Fresh Legal Battle as Ontario Court Files for Class Action</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance Faces Fresh Legal Battle as Ontario Court Files for Class Action

Coin Edition

Otros artículos publicados el 23 abr 2024

Ethereum Price Analysis: Whale Accumulation Fuels Potential Breakout Rally to $4000

Ethereum Price Prediction 2024: ETH Price to Reach $5000 After March, 13?

COTI Price Prediction: COTI Pumps 55% in just 1day! What’s Next?

ZachXBT Exposed 12 Abandoned Solana Presale Meme Coin Projects

XRP, VeChain predicted to surge as NuggetRush gains GameFi spotlight

Ripple Challenges SEC’s Legal Demands

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!