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The U.S. Securities and Exchange Commission (SEC) has imposed fines and cease-and-desist orders on three parties involved in UpToken, a cryptocurrency securities offering. Up Global, Coinme, and Neil Bergquist, CEO and founder of both companies, were found to have sold securities without registering and without obtaining an exemption from registration. The three parties raised $3.65
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Binance, a major cryptocurrency exchange, is preparing to launch “Binance Japan” next month by rebranding the Japanese exchange it acquired last year. In November 2020, Binance purchased shares in Sakura Exchange BitCoin (SEBC) trading platform, which has now been renamed under the Binance brand, according to an official SEBC notice and Japanese media outlet CoinPost.