Binance.US, the U.S. arm of the world's largest cryptocurrency exchange Binance, announced on Monday that it will delist the AMP token after the US Securities and Exchange Commission (SEC) described the token as a security.
In a statement made on Monday, Binance.US said that the exchange always supports transparency while adhering to compliance with the directives of federal authorities.
The exchange stated that projects trading under its platform should continue to meet the listing standards based on the legally approved scope of the Digital Asset Risk Assessment Framework.
Binance.US said it will delist the AMP token “out of an abundance of caution” of potential enforcement by federal regulators.
The exchange disclosed it will close down deposits of Amp (AMP) and remove the AMP/USD trading pair from its platform on Aug 15. The exchange said the move follows the token's mention in legal action from the SEC.
Last week on July 21, the SEC identified nine crypto assets as securities,...
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