The world's largest cryptocurrency exchange is currently under investigation
The world's largest cryptocurrency exchange is currently under investigation

According to Bloomberg News, Binance, the world's largest cryptocurrency platform, is under investigation by the Department of Justice and the Internal Revenue Service.

As part of the investigation, those responsible for investigating money laundering and tax offenses receive information from people interested in Binance's activities.

Compared to her competitor under CTO Shark Changpeng Zhao, Binance has made huge strides, she is charismatic and promotes iconic icons on Twitter.

Binance was founded in 2017 and is the largest cryptocurrency exchange in the world. It is incorporated in the Cayman Islands and has an office in Singapore.

According to the information, CFTC is investigating whether the cryptocurrency platform will allow Americans to purchase derivatives linked to digital tokens, which would allow Americans to conduct illegal transactions through their platform.

US citizens can only purchase these types of products from companies registered with the CFTC.

Binance has said in the past that it will prevent Americans from conducting illegal transactions through its platform and warn against freezing abuse accounts.

Cryptocurrency analyst Chainalysis reports that of the $ 2.8 billion in criminal transactions involving Bitcoin, approximately $ 756 million went through Binance in 2019.

Last year, Chainalysis concluded that in the transactions it investigated, more money associated with criminal activity was transferred to Binance than any other cryptocurrency exchange.

A Binance spokesperson said: We attach great importance to our legal obligations and are cooperating with regulators and law enforcement agencies.

Sie fügte hinzu: Wir haben hart daran gearbeitet, ein starkes Compliance-Programm zu etablieren, das Grundsätze und Instrumente zur Bekämpfung der Geldwäsche umfasst, mit denen Finanzinstitute verdächtige Aktivitäten aufdecken und behandeln, und wir haben eine gute Erfolgsbilanz bei der Unterstützung von Strafverfolgungsbehörden auf der the whole world . Even in the United States.

US officials have expressed concern about the use of cryptocurrencies to cover up illegal transactions (including theft and drug deals), believing that Americans who make unexpected profits by betting on the rapid growth of the market are evading taxes.

These concerns have been an obstacle to the industry's transformation into the mainstream, despite Wall Street's growing acceptance of Bitcoin and other tokens in the global investment frenzy.

The world's largest cryptocurrency platform cemented its position in Washington, where it appointed former Treasury officials and defense attorneys to represent them in legal cases and cases that are under scrutiny by authorities.

In March of this year, the company invited former Democratic Senator Max Pocos of Montana to advise him on policy and government relations.

In September 2019, Binance partnered with a company called BAM Trading Services that launched Binance.US to cater to clients in the United States.

Brian Brooks, a senior banking regulator who ran the currency auditor's office during the Trump administration, became CEO of Binance.US, a cryptocurrency platform, this month.

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