đ Big news from Brazil! Binance, the worldâs largest crypto exchange, has settled with the Brazilian Securities and Exchange Commission (CVM) by agreeing to pay 9.6 million reais ($1.76 million) for offering derivatives trading without the proper licenses. This resolution follows a lengthy negotiation, with Binanceâs initial offer being 2 million reais last year. đ
The CVM had previously ordered Binance to halt these services in July 2020 due to unauthorized securities activities. What do you think of this settlement? Share your thoughts in the comments below!
