Is Binance legal?

I'm somewhat confused about the legality of Binance. I've heard different opinions and views on whether it's legitimate or not. Could you please provide me with a clear and concise explanation? I'm particularly interested in knowing if Binance operates within the legal framework in the countries where it operates, and if it has obtained the necessary licenses and regulatory approvals. Additionally, I'd like to know if there have been any legal issues or disputes involving Binance in the past. Thank you for your time and assistance.