Binance says ‘no comment’ on report it mulled closing US arm to protect its global firm

Preliminary report about the Binance CEO attempting to shut down the U.S. arm of the exchange. On June 5, the U.S. Securities and Exchange Commission also filed a claim versus the exchange, its U.S. arm, and Zhao, declaring that Binance “enriched themselves” with billions of U.S. dollars while putting investors at risk. On Aug. 1, Binance officially announced the launch of Binance Japan, offering area trading for 34 tokens.

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