#TradingMistakes101 United States: In June 2023, the SEC filed charges against Binance and its founder for alleged violations, including mishandling customer funds and operating without proper registration.

• United Kingdom: In 2021, the Financial Conduct Authority ordered Binance to cease all regulated activities in the UK.  

In response, Binance has taken steps to enhance compliance: 

• Leadership Change: Richard Teng, a former regulator, was appointed CEO in November 2023 to steer the company towards greater regulatory compliance.

• Regulatory Approvals: Under Teng’s leadership, Binance has secured regulatory approvals in over twenty jurisdictions.