Reportedly, the Department of Justice and Internal Revenue Service have opened an investigation into Binance, one of the largest crypto exchanges in the world. This news came as an unpleasant surprise for investors.
Binance has already been under investigation in recent months. In March, it faced the Commodity Futures Trading Commission’s probe over US customers trading derivatives. The platform allegedly offered digital asset derivative products to US citizens in contravention of US regulations. Any company conducting digital asset activities in New York must apply for a specific license - BitLicense. Therefore, offering derivative trading without such a license is a felony. There is no need to say that Binance does not have such a license. Currently, federal authorities are investigating the possibility of money laundering and tax evasion within the exchange. “We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion,” a Binance spokeswoman said in a statement. “We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity.'' However, the question is how such a large and reputable company works without a certain license.
Earlier it was reported that Australian scientist Craig Wright, posing as the creator of Bitcoin, decided to sue for the billions of dollars he supposedly lost. The self-proclaimed “father” of the number one cryptocurrency declared about the theft of keys to his e-wallets. As a result, 16 developers from Bitcoin (BTC), Bitcoin Satoshi Vision, Bitcoin Cash, and Bitcoin Cash ABC are accused of stealing bitcoins. The accused party disputes the claim and calls the IT scientist's arguments fake.
