Summary: U.S. federal prosecutors asked Binance for documents regarding the platform’s anti-money laundering checks. Authorities also asked for communication records between CEO Changpeng Zhao and 12 other executives. The cornerstone of investigations revolves around whether or not Binance violated the Bank Secrecy Act, per reports. U.S. agencies like the SEC and the Justice Department have increased probes into crypto companies in recent years. At press time, comprehensive crypto regulations and oversight for the industry remain unavailable. The world’s leading crypto […]
