Changpeng ZhaoCEO of BinanceThe author speaks at Delta Summit, Malta’s Official Blockchain And Digital Innovation event promoting cryptocurrency, in St Julian’s, Malta October 4, 2018.
Darrin Zammit Lupi | Reuters
WASHINGTON — A bipartisan group of senators have requested more information from Binance, the world’s leading cryptocurrency exchange, in response to the collapse of their former competitor FTX.
Sens. Elizabeth Warren, D-Mass., Chris Van Hollen, D-Md.. Roger Marshall, R-KanThe client requested a variety of documents about company finances, compliance, and risk management practices. Binance Affiliate in the United States BinanceIn a letter dated December 31, 2001,.US Wednesday.
“In the years since Binance’s founding, the company has faced increasingly disturbing allegations regarding the legality of its operations,” In a letter addressed at them, the senators sent their thoughts to Binance CEO Changpeng Zhao And BinanceCEO. Brian Shroder.
The Justice Department A criminal investigation was initiated Binance And Zhao in 2018 — the year after the company was launched — amid concerns the exchange defied U.S. anti-money laundering and sanctions laws. The Agency has yet to decide whether to file charges against the company, or any of its executives.
A spokesperson Binance CNBC was informed by the company that it looks forward to “correcting the record” Information about its operations. The Person added that the exchange answers questions from officials in jurisdictions it operates to “both explain our business operations and cooperate with regulators.”
“Binance.com does not operate in the U.S., nor do we have U.S.-based customers, however, we appreciate the senators’ request and will provide information to help them better understand why we remain the most trusted platform with users across the globe,” The spokesperson continued.
A BinanceSeparately, a spokesperson for.US stated: “We welcome engagement with policymakers and look forward to responding to the Senators’ requests.” The Person added that the exchange is “committed to maintaining a secure, compliant, and transparent platform for our users.”
Changpeng ZhaoCEO of BinanceThe author speaks at Delta Summit, Malta’s Official Blockchain And Digital Innovation event promoting cryptocurrency, in St Julian’s, Malta October 4, 2018.
Darrin Zammit Lupi | Reuters
WASHINGTON — A bipartisan group of senators have launched an investigation into Binance, the world’s leading cryptocurrency exchange, following the bankruptcy of their former competitor FTX.
Sens. Elizabeth Warren, D-Mass., Chris Van Hollen, D-Md.. Roger Marshall, R-KanThe client requested a variety of documents about company finances, compliance, and risk management practices. Binance Affiliate in the United States BinanceIn a letter dated December 31, 2001,.US Wednesday.
