Binance CEO denies allegations that the exchange’s US arm is a regulatory decoy
“Binance has always operated within the boundaries of the law,” said CZ. Changpeng Zhao, CEO of Binance, is pushing back hard against allegations that the crypto exchange set up its U.S. arm to circumvent regulations and surreptitiously profit from investors.According to an Oct. 29 article from Forbes contributor Michael Del Castillo, the news outlet claims to have obtained a leaked presentation outlining Binance’s plans for operating in the United States. The document states that in 2018 — prior to the launch of Binance.US — the crypto exchange intended to set up a “Tai Chi entity” in the....
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The report alleges that Binance tried to insulate itself from regulatory scrutiny — a suggestion that the exchange denies. On Oct. 17, a new report published by Reuters alleged that cryptocurrency exchange Binance "swerved scrutiny" from regulators in the United Kingdom and the United States. The main spearhead of the allegations arises from two supposed incidents in its operating history.First, Reuters wrote of Binance strategy executive Zoe Wei's proposal to backdate a service agreement relating to various operations between Binance's U.K. unit and Binance's Cayman Islands holding....
The world’s largest cryptocurrency exchange, Binance, has been embroiled in a complex legal battle with Nigerian authorities over allegations of money laundering, tax evasion, and currency speculation. Two senior Binance executives are at the center of the dispute: Tigran Gambaryan, the head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Binance in […]
Global exchange Binance has addressed the “misleading” claims made by hacked trading platform WazirX, denying any involvement with the Indian exchange and demanding “accountability” from its team after the $235 million crypto heist. The clarification comes after WazirX’s team suggested that users might have to wait until the dispute between the hacked exchange’s parent company […]
Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, Microsoft cautioned in a report.
Are a raft of recent FUD events coincidental, or are global authorities targeting unregulated crypto exchanges? The mood of fear, uncertainty and doubt, otherwise known as FUD, that has gripped some of the largest cryptocurrency exchanges since October heightened last week — and it had nothing to do with the United States presidential election.“Weird Binance fud Friday and weird huobi arrest fud today,” tweeted MyCrypto CEO Taylor Monahan, referring to an Oct. 29 Forbes report that Binance had set up its U.S. unit, Binance.US, as a regulatory decoy and referencing separate rumors that....