According to Bloomberg, citing anonymous sources familiar with the situation, the Justice Department and the US Internal Revenue Service are interested in the activities of the Binance cryptocurrency exchange.
Departments are investigating the work of Binance Holdings Ltd for involvement in illegal activities, including money laundering and tax crimes. The IRS and the Ministry of Justice are requesting information on the activities of the exchange from people familiar with the “inner workings” of the company.
Note that Binance Holdings is registered in the Cayman Islands and has an office in Singapore, although, according to other sources, it has already been closed. At the same time, Binance does not have a central headquarters – dozens of different companies and firms work as part of the exchange.
Binance spokeswoman Jessica Jung stressed that the exchange is trying to resolve any issues that regulators have, but did not provide any detailed information.
“We take our legal obligations very seriously and work with regulatory and law enforcement agencies. We have worked hard to create an effective regulatory compliance program that includes anti-money laundering principles and tools to track and prevent suspicious activity, ”Jung said.
Recall that recently the regulators of Hong Kong and Germany had questions to the Binance exchange in connection with the sale of tokens-shares on the site.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
