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News Explorer — Binance's BNB Token Falls to Year-Low

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Aug 22, 6:12 pm
Coindesk

Binance's BNB Token Falls to Year-Low

BNB, the cryptocurrency associated with Binance, experienced a significant drop in value due to mounting regulatory and legal pressures on the exchange. The token reached its lowest point in over a year following reports of potential risks related to Russia sanctions and Binance's facilitation of money transfers for Russian users. This decline adds to the existing challenges faced by Binance, including a lawsuit from the SEC for violating securities laws.

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