Forbes
•4 months ago
US authorities have filed legal proceedings against cryptocurrency exchange Binance, alleging the company failed to comply with anti-money laundering regulations and other consumer protection laws. The US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have accused Binance of operating an unregistered trading platform and facilitating illegal transactions. The complaint further alleges that Binance processed payments for customers in countries subject to US sanctions, such as Iran and North Korea. It is believed that the action against Binance is part of a larger effort by US authorities to crack down on illegal activity in the cryptocurrency space.
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