U.S. authorities are currently reviewing the activities of Binance and its users for possible illal transactions
Binance, one of the world’s leading cryptocurrency exchanges, is being investigated by the U.S. Department of Justice and the Internal Revenue Service (IRS). Under a report from Bloomberg, sources close to the case have révéthat officials of these government agencies are looking into Binanceé s activities. This is an effort by officials to limit illicit activities in the cryptocurrency market.
Officials responsible for the investigation usually deal with money laundering and tax evasion cases. They ask questions about Binance’s activities from knowledgeable people. According to the report, officials are concerned that cryptocurrencies could be used to carry out illegal transactions such as those related to drugs and theft.The tax agency is concerned about the fact that Americans who have sought to regulate profits in the cryptocurrency market have evaded the use of cryptocurrencies. agrave;their impôts these lastères anné es.
Although officials are looking into the activities of the exchange, Binance has not been charged with any wrongdoing at this time. The spokesperson of the society, Jessica Jung, explained; : « & nbsp;We take our obligations légalales tr & egrave; s to the sérieux and we engage with the régulators and the forces of law’collaborative mani & egrave; re. We have been working hard to put in place a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and deal with suspicious activities. & raquo;
This latest development comes two months after reports surfaced that the U.S. Commodity Futures Trading Commission (CFTC) is investigating the possibility that exchange allows Americans to trade crypto-related products. Binance CEO Changpeng Zhao has always maintained that cryptocurrency exchange works in accordance with American regulation, empê chants Amé rérér é rérérérérérérérérérérérér & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r & eacute; r tect money laundering transactions and other illicit activities.
Article Justice Department and IRS investigate Binance activities est apparu en premier sur Coin24.