Legal regulation of digital assets exchanges: on the example of Binance

Binance’s operations have a substantial influence on the development of global norms for regulating digital assets exchanges. The company actively engages in discussions with regulatory bodies, sharing its expertise and insights to shape effective regulations. Binance highlights the significance of establishing international standards that safeguard user security and foster innovation in the realm of blockchain technologies. Consequently, Binance is a crucial player in the field of legalizing digital assets exchanges, working to meet regulatory standards while fostering innovation and collaboration with regulators worldwide. In this article, we explore the fundamental legal principles that govern the operations of a digital asset exchange, using Binance as a case study. The author’s article examines the real litigation cases that are being conducted around Binance. The author also conducts a comparative analysis of the legal regulation between Binance Global and Binance Kazakhstan.

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2. SEC Lawsuit vs Binance: Crypto Tokens are not Security. URL: https://www.binance.com/hu/square/post/13521104621298

3. SEC v. W.J. Howey Co., 328 U.S. 293. 1946. URL: https://supreme.justia.com/cases/federal/us/328/293/

4. Digital Asset Transactions: When Howey Met Gary (Plastic). URL: https://www.sec.gov/newsroom/speeches-statements/speech-hinman-061418

5. Против Binance подали коллективный иск из-за краха FTX. URL: https://forklog.com/news/protivbinance-podali-kollektivnyj-isk-iz-za-kraha-ftx

6. Nir Lahav vs. Binance holdings limited, and Changpeng Chao / Case 4:23-cv-05038. URL: https://storage.courtlistener.com/recap/gov.uscourts.cand.418891/gov.uscourts.cand.418891.1.0.pdf

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8. URL: https://www.binance.com/en/terms.

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