In relation to the exchange and cryptocurrency exchange Binance (the largest in the world, by the way), several US federal agencies have launched an investigation. The crypto giant is engaged in the Internal Revenue Service and the US Department of Justice, whose profile is money laundering and tax evasion. So far, the company has not been charged.
What’s the matter?
The US Futures Trading Commission (CTFC) suspects Binance that the exchange allows US residents to conduct illegal transactions. The fact is that in the United States, only licensed entrepreneurs registered in the CTFC can buy cryptocurrency. In response to the suggestions put forward by the authorities, Binance responded that it blocks attempts to illegally buy cryptocurrencies (and derivatives) and freezes the accounts of those who try too hard.
Due to some disagreements with government agencies, Binance’s own currency, Binance Coin, fell in price by a dozen percent and cost only $535. But now it is leveling off and slowly growing; now you will have to pay $603 for coins.
In the company itself, TheVerge refused to comment on the situation, referring to the fact that this is a private matter of the company. But they also said that they ” take their legal obligations very seriously.” It is not yet known how far the US authorities will go and what it threatens for the entire cryptocurrency system.