Binance, the main exchange of Bitcoin and cryptocurrencies in the world, is being investigated by the Commodity Futures Trading Commission of the United States (CFTC), although this body does not accuse him of any infringement.
The CFTC is interested in knowing if Binance has allowed US users to buy and sell financial assets and derivatives without supervision of the agency, according to reports from Bloomberg and sources close to it. to the investigation.
As reported by the media, Binance co-founder, Changpeng Zhao assured on the Clubhouse social network that the company complies with and closely follows US regulations on money laundering, although He did not comment on the CFTC.
Zhao sent a message this Friday, March 12 on Twitter, where he points out how the Bloomberg report, which has been echoed by other media, could be a campaign of «fear, uncertainty and doubt» (FUD).
«Work We work closely with world authorities to improve compliance with regulatory standards in the industry, ”said Zhao.
However, last year a leaked document revealed that Zhao urged the use of private browsing via VPN to evade US regulations , which is possibly being taken into account at this time by the authorities.
Regulators suspect that Binance has provided its services to US residents acting outside the law, since the exchange is not allowed to operate in that jurisdiction.
Binance is currently the cryptocurrency exchange largest in the world according to its trading volume, which is counted at more than USD 32 billion per day according to CoinMarketCap.
But this exchange does not have a fixed physical headquarters, although Binance Holdings Ltd. is for badly, a company established in China, with representative entities all over the world.
Last Tuesday, March 9, it was learned that Binance had hired Max Baucus as a consultant in policy and government relations. Baucus was a congressman in the US Senate for several decades, and the US ambassador to China from 2014 to 2017, under the Barack Obama administration.
Binance seeks a gap between US regulations
Binance Holdings LTD, chaired by Changpen Zhao, has at Binance.US an ally constituted as an independent company, led by its CEO Catherine Coley, who previously worked for the Morgan Stanley bank.
The portal allows registration to US citizens, although restrictions may be in place at this time. It is currently not available in all jurisdictions in the country. Only 41 of the 50 states are allowed on the platform.
Also, this platform has fewer cryptocurrencies than Binance. Binance.US has only 52 cryptocurrencies, although they are tradable in more than 100 pairs (such as BTC-USDT, among others).
Previously, the CFTC also sued the exchange BitMEX for not properly registering as a commodities operator. In recent days, CriptoNoticias reported that Arthur Hayes, CEO of BitMEX, could surrender to the authorities on April 6, 2021. For its part, the Insurance and Stock Market Commission (SEC) of the United States undertakes its own crusade against Ripple for reasons
Ripple Labs Inc, argues the SEC, made the offer and sale of its cryptocurrency as a security token ( security ). In the most recent episode of this litigation, the SEC assured that it is not its responsibility to warn of the breach of the law , reported CriptoNoticias.