BREAKING: Binance And CZ Sued By CFTC Over Allegedly Breaking Derivatives Rules
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao are being sued by the US Commodity Futures Trading Commission for allegedly violating trading and derivatives rules, as per Bloomberg.
The CFTC filed the lawsuit, claiming that Binance failed to register with the regulator and did not prevent US residents from trading crypto derivatives. The agency’s action is part of a wider investigation by US authorities into Binance’s operations.
The Internal Revenue Service and federal prosecutors are also examining Binance’s anti-money-laundering compliance, while the Securities and Exchange Commission is investigating the exchange’s support for unregistered securities. The legal challenge comes as regulators around the world are intensifying their scrutiny of the cryptocurrency industry.
(This is a developing story, we will update it soon as real-time)
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
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BREAKING: Binance And CZ Sued By CFTC Over Allegedly Breaking Derivatives Rules
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao are being sued by the US Commodity Futures Trading Commission for allegedly violating trading and derivatives rules, as per Bloomberg.
The CFTC filed the lawsuit, claiming that Binance failed to register with the regulator and did not prevent US residents from trading crypto derivatives. The agency’s action is part of a wider investigation by US authorities into Binance’s operations.
The Internal Revenue Service and federal prosecutors are also examining Binance’s anti-money-laundering compliance, while the Securities and Exchange Commission is investigating the exchange’s support for unregistered securities. The legal challenge comes as regulators around the world are intensifying their scrutiny of the cryptocurrency industry.
(This is a developing story, we will update it soon as real-time)
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
Read More