Binance to Pay $1.7M to Brazilian Regulator Over Derivatives Law Violations

Binance to Pay $1.7M to Brazilian Regulator Over Derivatives Law Violations

Binance, through its Brazilian subsidiary B Fintech Serviços de Tecnologia Ltda, has agreed to a $1.7 million settlement with Brazil's Comissão de Valores Mobiliários (CVM) following alleged violations of local derivatives laws. The settlement resolves a case that dates back to 2020 when the CVM first ordered Binance to cease offering derivatives in Brazil due to the lack of necessary regulatory approval. Under Brazilian law, derivatives are ...

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