The Binance cryptocurrency exchange is under investigation by the US Department of Justice, Bloomberg reported. Senior U.S. officials investigating money laundering and tax evasion have their suspicions about Binance’s business.
Founded in 2017, Binance is the world’s largest cryptocurrency exchange. Headquartered in the Cayman Islands, Binance has offices in Singapore.
U.S. authorities are investigating whether the stock market has allowed Americans to trade illegally on the platform by buying digital currency-linked derivatives. American citizens can buy these types of products themselves in companies registered with the Commodities and Futures Trading Commission.
Binance itself has stated that it does not allow illegal transactions on its website by warning violators that your account may be set up.
But according to reports, $ 756 million in criminal transactions were committed for Binance. / PCWorld Albanian
