Binance under sanction: Does BNB’s price action reflect investor sentiment

Specifically, the investigation aimed to determine if Russians exploited Binance Holdings. The alleged exploitation was to circumvent U.S. sanctions and facilitate the movement of funds through the platform.

This alleged inquiry is the latest episode in a series of encounters between Binance and regulatory or governmental entities.In the latter part of March 2023, the U.S. Commodity Futures Trading Commission took legal action against Binance. It was alleged that the company knowingly offered unregistered cryptocurrency derivative products violating federal regulations.

The lawsuit triggered a significant outflow of funds from the exchange, resulting in a decline in the reserve of

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