Is Binance’s $4B settlement the green light for spot Bitcoin ETFs? By Cointelegraph
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© Reuters.
Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot exchange-traded funds (ETFs), many industry watchers claim.
The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to keep the exchange in line with Anti-Money Laundering and sanctions rules, among other things.
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© Reuters.
Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot exchange-traded funds (ETFs), many industry watchers claim.
The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to keep the exchange in line with Anti-Money Laundering and sanctions rules, among other things.
Continue Reading on Cointelegraph
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