Changpeng Zhao, head of the Binance cryptocurrency exchange, denied accusations by three US senators of laundering illegally obtained funds. This is reported Forbes.
He noted that the main priority of the platform is to protect the interests of users. According to him, the letter sent by the politicians was received for the first time.
Binance Chief Strategy Officer Patrick Hillmann also said that the company is ready to cooperate with the authorities. However, the crypto exchange has not yet satisfied any of the senators’ requests.
On March 1, politicians sent a letter to Binance asking for policy details KYC/AML and money laundering control procedures. In the document, they accused the platform of links to criminals, calling it a “hotbed of illegal financial activity.”
The senators also questioned the relationship between the crypto exchange and its US subsidiary. Hillmann, in turn, stressed that Binance.com does not work in the US. However, representatives of Binance.US have not yet commented on the situation.
Recently, the US Securities and Exchange Commission made claims to the American division of the exchange. According to the regulator, the company operates an unregistered securities exchange.
Source: Cryptocurrency

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