June 20 (Cointime) - Binance, the world's largest cryptocurrency exchange by trading volume, is reportedly facing legal complications from global financial regulators. The exchange is also experiencing an internal situation as key executives responsible for expanding operations in Europe have left or are about to leave the firm.

Binance CEO Changpeng Zhao has not yet addressed the matter, but the exchange has failed to obtain licenses in many European countries and is facing a lawsuit from the US Securities and Exchange Commission for not registering and offering "Securities".