Binance’s French subsidiary, Binance France, has been sued by fifteen investors who claim that the cryptocurrency giant violated local regulations by misleading customers.
The French subsidiary of Binance has been accused of violating France’s laws by promoting and distributing its cryptocurrency services before obtaining proper authorization. The plaintiffs recorded and documented their dealings on the crypto exchange, showing Binance’s marketing materials for its French users. According to the plaintiffs, these were done right before Binance gained authorized registry with local regulatory bodies.
The lawsuit was filed on December 14, formalizing complaints against Binance France which included allegations of securities law violations for the sale of TerraUSD and its sister cryptocurrency Terra (LUNC). The lawsuit claims that Binance was selling these digital assets in violation of law, and buyers were not warned or sufficiently informed, through advertising materials, about the risk
We współpracy z: https://cryptodaily.co.uk/2022/12/binance-france-faces-2-4m-lawsuit-linked-to-terrausd-failure
