Brazil Reportedly Probing Binance for Offering Cryptocurrency Derivatives, Company Refutes Allegations

Binance is reportedly being investigated by the Brazilian Securities and Exchange Commission (SEC). The Brazilian authorities have evidence on Binance letting Brazilian nations invest in crypto derivatives despite it being banned in 2020 in the country, according to a report. The crypto exchange has reportedly refuted these allegations.

Brazil Reportedly Probing Binance for Offering Cryptocurrency Derivatives, Company Refutes Allegations
Binance is reportedly being investigated by the Brazilian Securities and Exchange Commission (SEC). The Brazilian authorities have evidence on Binance letting Brazilian nations invest in crypto derivatives despite it being banned in 2020 in the country, according to a report. The crypto exchange has reportedly refuted these allegations.