The U.S. Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. laws. The German regulator, BaFin, issued a statement declining to comment on individual companies due to confidentiality. Last week, Belgium's FSMA regulator ordered Binance to stop offering any virtual currency services in the country. BaFin in 2021 warned Binance it risked being fined for offering certain digital tokens to clients in Germany without necessary information. Reporting by Tom Sims and Tom Wilson; Editing by Sabine Wollrab and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

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Persons: Binance, Changpeng Zhao, Tom Sims, Tom Wilson, Sabine Wollrab, Mark Potter Organizations: U.S . Securities, Exchange Commission, Finance Forward, Thomson Locations: FRANKFURT, Germany, France