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Binance Changes Terms of Use After SEC Charges, Raises Concerns Over Asset Management

Binance has made changes to its Terms of Use following charges by the SEC, which could affect all users of the exchange. The changes give Binance exclusive power over which digital assets are listed on the platform and the right to convert delisted assets into a new form of digital asset of its choice.

This lack of transparency has raised concerns among users, with some suggesting transferring holdings to a decentralized exchange or storing them in a secure wallet. There is speculation that Binance may convert delisted tokens into Binance Coin (BNB) tokens, but this could have long-term implications for users.

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