Justice Department to probe Binance over alleged ties to Russia: Report

The investigation, reported by Bloomberg, cited five sources close to the situation. Its scope includes Russian transactions that may have skirted U.S. sanctions that came about amid Russia’s invasion of Ukraine. There is also a possibility, per the report, that Binance did not facilitate the transactions, but an employee assisted Russia in avoiding sanctions.

"In 2021, Binance launched an initiative to completely overhaul its corporate governance structure, including bringing in a world-class bench of seasoned executives to fundamentally change how Binance operates globally," Binance said in a statement to the outlet."Our policy imposes a zero-tolerance approach to double registrations, anonymous identities, and obscure sources of money.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Justice Department investigating Binance for violating Russian sanctions: ReportAccording to a news report, cryptocurrency exchange Binance is the object of a U.S. Justice Department investigation for violating sanctions against Russia.
Source: Cointelegraph - 🏆 562. / 51 Read more »

The Ultimate Guide to Trading on Binance Futures | Binance BlogIf you're interested in trading futures, read this guide first. It includes everything you need to know to get started on Binance Futures, including all the key features and terms to be aware of. Find all the information below.
Source: binance - 🏆 561. / 51 Read more »

Binance Will List FLOKI (FLOKI) and Pepe (PEPE) in the Innovation Zone | Binance SupportFellow Binancians, Binance will list FLOKI (FLOKI) and Pepe (PEPE) in the Innovation Zone and will open trading for these spot trading pairs at 2023-05-05 16:00 (UTC) : New Spot Trading Pairs : FLO...
Source: binance - 🏆 561. / 51 Read more »