The investigation by the DOJ reportedly began in 2018, and has homed in on Binance's compliance with US anti-money laundering laws and sanctions. The exchange told Reuters that it is "driving higher industry standards" and looking to "further improve our ability to detect illegal crypto activity on our platform." The crypto giant disputed the report, adding that the calculations and claims of its compliance control weren't accurate. Those assets, valued at 1.3 billion in February, account for the bulk of the. senators launched an investigation into Binance, the world's largest cryptocurrency exchange, for a host of alleged illegal activity. Binance.US has agreed to pay 20 million in cash to Voyager, and take on crypto assets deposited by Voyager customers. A Binance spokesperson told Insider that it would be "inappropriate for us to comment" on matters related to the DOJ.Īdditionally, Reuters reported that Binance processed over $10 billion in illegal payments this year, and sought to "evade" regulators. Bitcoin retreated overnight Thursday as three U.S. The DOJ has also discussed potential plea deals with Binance's legal team, the report said. Binance CEO Changpeng Zhao Questions SEC Investigation Into BNB Consensus Magazine Consensus Webinars Indices About Markets Finance Technology Web3 Policy CoinDesk Studios Sponsored Content. US prosecutors are looking into Binance on money laundering conspiracy, unlicensed money transmission, and criminal sanctions violations, four sources told the news outlet. ![]() ![]() The US Department of Justice is reportedly investigating the world's largest cryptocurrency exchange, Binance, according to Reuters. A top Binance executive told The Wall Street Journal and Bloomberg last month that Binance expected to pay penalties to resolve U.S.
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