CFTC allegations and $1 billion lawsuit for Binance: Law Decoded, March 27–April 3 By Cointelegraph
[ad_1]
Last week brought troubling news for the world’s largest crypto exchange, Binance. The United States Commodity Futures Trading Commission accused the company and its CEO, Changpeng “CZ” Zhao, of trading violations. According to the lawsuit filed by the CFTC, Binance has conducted transactions for U.S. customers without proper registration since at least 2019.
According to the CFTC, Binance obscured the location of its executive offices, using 300 “house accounts.” The Commission has also accused the platform of keeping the information a “top secret,” and alleged that the exchange refused to respond to commission-issued investigative subpoenas seeking information on its trading activity.
MakerDAO passes new ‘constitution’ to formalize governance process
Beaxy exchange shutters after SEC presses multiple charges against founder
co-founder Daniel Shin’s arrest denied by the court
Continue Reading on Coin Telegraph
[ad_2]
Source link
Last week brought troubling news for the world’s largest crypto exchange, Binance. The United States Commodity Futures Trading Commission accused the company and its CEO, Changpeng “CZ” Zhao, of trading violations. According to the lawsuit filed by the CFTC, Binance has conducted transactions for U.S. customers without proper registration since at least 2019.
According to the CFTC, Binance obscured the location of its executive offices, using 300 “house accounts.” The Commission has also accused the platform of keeping the information a “top secret,” and alleged that the exchange refused to respond to commission-issued investigative subpoenas seeking information on its trading activity.
MakerDAO passes new ‘constitution’ to formalize governance process
Beaxy exchange shutters after SEC presses multiple charges against founder
co-founder Daniel Shin’s arrest denied by the court
Continue Reading on Coin Telegraph
About The Author
