Binance Will Comply With Regulators Following US Anti-Money Laundering Investigation Report
In an interview with Binance, when asked about the US anti-money laundering investigation, the exchange said it will comply with any request from legal authorities to resolve any questions.
As updated in an earlier Coincu News article, Federal prosecutors in the United States have requested that Binance, the worldโs largest cryptocurrency exchange, give comprehensive internal information about its anti-money laundering checks and communications with its CEO and founder, Changpeng Zhao.
According toย Reuters, theย Justice Departmentย demanded thatย CZย andย 12 other exchangesย and partners turn over messages detailing how the exchange handles illicit transactions and recruits US consumers inย December 2020.
โAs has been well documented, regulators across the globe are reaching out to every major crypto exchange to better understand our industry. We work with agencies regularly to address any outstanding questions,โ
A Binance spokesperson toldย Forkastย in an email in response to the Reuters report
On September 1, CZย tweetedย that it is โimportant for the industry to build trust with regulatorsโ and that his chat messages โare semi-public anywayโ.
Zhao stated at the beginning of August that the exchange had invested more than $1 billion in compliance initiatives, and that its market share had continued to rise.
The U.S. Securities and Exchange Commission was allegedly investigating in June whether Binance broke any regulations governing the sale of securities in 2017 when its BNB cryptocurrency was offered in an ICO.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Other Posts
- Amplify 2024: Ohioโs Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fedโs Rejection of Custodia Bankโs Request
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- JPMorgan Increases Holdings in BlackRockโs Bitcoin ETF
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- HashKey Prices IPO at High End, Raises $206 Million
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- Amplify 2024: Ohioโs Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fedโs Rejection of Custodia Bankโs Request
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- JPMorgan Increases Holdings in BlackRockโs Bitcoin ETF
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- HashKey Prices IPO at High End, Raises $206 Million
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- Amplify 2024: Ohioโs Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fedโs Rejection of Custodia Bankโs Request
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- JPMorgan Increases Holdings in BlackRockโs Bitcoin ETF
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- HashKey Prices IPO at High End, Raises $206 Million
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
Latest
Press Release
Trust Wallet Launches Cash Deposits, Enabling Users to Convert Physical Cash Into Crypto
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.371 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
