Binance is reportedly aiding the Russians in moving money abroad. By this they are potentially adding this to its increasing number of legal problems in the United States. This cryptocurrency giant is led by its founder Changpeng Zhao. They joined several other international companies last year and scaled back their business to Russia.
After Russia got invaded by Ukraine, Binance then claimed that they had stopped working there and was actually implementing some sanctions pertaining to Western requirements.
The Justice Department of the U.S is now investigating Binance in connection to the allegation that they are partaking in money laundering. The department is also at the same time investigating this cryptocurrency giant over possible suspected anti-money laundering suspicions, according to sources.
Binance, though, remains strong on their claims that they readily follow global rules and sanctions. They also say that they have no relationships anywhere in the form of peer-to-peer service.
Thank you for reading up till here. I hope you found the information pertaining to this topic resourceful. For more such related news and information, make sure to subscribe to our site!
Have A Look :-
- What Is The Price Of A Bitcoin
- Crypto Traders Regret $1B in Liquidations For Bitcoin, Ether
- Bitcoin CME gaps at $35,000, $27,000, and $21,000, which one gets filled first?
About Author
