Binance Becomes The Latest Culprit In The Crypto Crackdown
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March 27, 2023 Posted in: Patriots
Binance, the largest crypto currency marketplace in the world, was charged with a complaint by the Commodity Futures Trading Commission (CFTC).
The enforcement action against Binance and Zhao is one of the largest government actions taken against a crypto entity.
The complaint charges Binance, Changpeng Zhao (known as CZ) the founder and CEO, and former Chief Compliance Officer Samuel Lim with numerous violations, including “willful evasion of the requirements of the CEA.”
The CFTC claims that Binance instructed US customers to evade compliance controls.
If you’re looking to invest in something a bit more stable, you can look into this.
The CFTC complaint also indicates that Binance did not require customers to provide identifying information before trading, failing to implement basic compliance procedures to prevent and detect terrorist financing and money laundering.
You can get more details about this story from CrowdfundInsider.com here.
Zhao was often presented as the archrival of crypto tycoon Sam Bankman-Fried, the founder of FTX. As you probably recall, Sam was arrested in the Bahamas in December 2022. He faces a US criminal trial later this year.
It’s going to be a wild ride ahead for the crypto fans!
Especially with all the talk about the CBDC happening. You know the deep state doesn’t like competition!
You can also look into why people are investing into this ancient resource instead of crypto.
No matter what happens in the world, you can create the life you desire…if you believe and know that you can. And that you deserve it!
