A new report from Reuters revealed that regulators from the United States Department of Justice (DOJ) had, in late 2020, requested information from Binance as it concerns its internal communications concerning its Anti-Money Laundering (AML) systems.
According to the Reuters report, the request for information specifically sought to probe the role of the exchange's Chief Executive Officer, Changpeng Zhao, regarding the likely violation of the Bank Secrecy Act. While Reuters said it was not sure how the exchange responded to requests, the regulator's moves show how well American watchdogs are into crypto trading platforms.
"Regulators across the globe are reaching out to every major crypto exchange to better understand our industry. This is a standard process for any regulated organization, and we work with agencies regularly to address any questions they may have." Binance Chief Communications Officer Patrick Hillmann said when contacted by Reuters for comment on the regulator's...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...