The US sued Binance and Binance boss CZ. In this lawsuit, too many charges were brought against both the company and the founder. CZ made statements on the subject. While all this was happening, there was a small decrease in Bitcoin.
Cryptocurrency markets, which have been in an uptrend for a while, have been hit on the head again. About Changpeng Zhao, nicknamed CZ, the founder of Binance, the world’s largest cryptocurrency exchange, in the USA lawsuit filed. With the announcement of the news of the lawsuit, there was a small decrease in Bitcoin. It is not known what will come out of the lower end of the case, but investors have already into a panic mood they entered.
US Commodity Futures Trading Commission (CFTC) accuses Binance and CZ on several points. These accusations include “taking and making off-the-charts futures”, “offering illicit commodity options”, “not registering with the regulatory agency for futures and other services”, “failure to audit”, “money laundering (AML) and customer compliance (KYC)”. )”, “not being transparent to investors” and “illegal evasion”. To comment; Binance of the USA under control to hold it We can say that he has opened such a case.
So what does CZ say about these accusations?
Changpeng Zhao from Binance from the official blog He shared a post on the subject. In this post, the CFTC’s claims were completely denied. The topics of CZ, who made separate statements for all charges, were as follows:
- There is no other exchange that uses better and more secure systems than Binance. Our KYC program is for all users mandatory.
- Binance cooperates with law enforcement in both the US and other countries. As a result of detailed review of 55,000 requests received in 2022 $125 million We have achieved a freeze/confiscation of the fund.
- Binance worldwide most registered/ is the licensed company.
- Binance trading cryptocurrencies for profit under no circumstances do not do. We provide cryptocurrency revenues and we need to convert them. We monitor to prevent our affiliates from achieving high profit margins.
- For our employees 90 day rule has. A Binance employee who wants to invest cannot trade a cryptocurrency before 90 days have passed.
CZ: I have two Binance accounts!
CZ didn’t just talk about Binance. Binance boss, who also made statements about himself, is on Binance have two accounts announced. Saying that one of them is Binance Card and the other is for storing crypto money investments, CZ states that he converts crypto money for spending. “Although we are not perfect we usually hold it to a higher standard than is required by current regulations.“CZ ended his speech by thanking Binance users.
Here is the latest situation in Bitcoin:
Looking at the data from Coinmarketcap, we see that Bitcoin (BTC) before Binance and CZ were sued. 28 thousand dollars We see you pushing your level. BTC, which has experienced a sharp decline to the level of 26 thousand 600 dollars with the service of the news, is now Just over $27,000 watching. We will continue to follow the developments in the crypto money world.
Source :
https://www.binance.com/en/blog/from-cz/czs-response-to-the-cftc-complaint-2408916493005890282