<div class="cryptonews"> 
 <p class="is-style-lead">The U.S. Department of Justice shares <a rel="dofollow" title="supervision" href="https://thebittimes.com/tag/supervision.html">supervision</a> details over Binance.</p> 
 <p>The <a rel="dofollow" title="document" href="https://thebittimes.com/tag/document.html">document</a> appeared on the DoJ’s website on Dec. 10, 2023. </p> 
 <p>According to the agreement, the supervisory authority will exercise government <a rel="dofollow" title="supervision" href="https://thebittimes.com/tag/supervision.html">supervision</a> over the company’s work and its business activities on several key points. </p> 
 <p>This includes a “Statement of Facts” admitted by Binance, a “Compliance Commitment,” and a description of the DoJ’s “Compliance Monitor.”</p> 
 <p>Former U.S. Securities and Exchange Commission (SEC) employee John Reed Stark believes that the <a rel="dofollow" title="requirements" href="https://thebittimes.com/tag/requirements.html">requirements</a> of DoJ could spell doom for the embattled crypto exchange.</p> 
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    <p lang="en" dir="ltr">Breaking News: A Binance Double Whammy. 1) Newly Unsealed US DOJ Filings Could Mean the End of Binance; and 2) SEC Files Supplemental Pleading Against Binance, Strengthening the SEC Binance Lawsuit Exponentially <br><br>There’s been a flurry of newly released Binance-related filings… pic.twitter.com/igN2I9Y7cP</p>— John Reed Stark (@JohnReedStark) December 9, 2023
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 <p>Stark emphasized the importance of Binance’s response to these regulatory issues noting that the company’s approach to navigating this complex and evolving environment will ultimately decide its fate in the competitive cryptocurrency market.</p> 
 <p>The enforcement action was dubbed a “compliance tsunami” by Stark, and could also have profound implications for the operating models of other cryptocurrency exchanges.</p> 
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 <p>Binance came under the radar of DoJ in 2018 when the exchange was first suspected of processing transactions from Iran. </p> 
 <p>In November 2023, the cryptocurrency exchange and the regulator agreed to a multi-billion dollar fine, as well as a change of the trading platform’s CEO.</p> 
 <p>As part of that deal,&nbsp;Binance will pay $4.3 billion to U.S. authorities for violating bank secrecy laws, international emergency economic powers laws, and failing to register as a money transmitter.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> John Reed Stark details why Binance, DOJ actions are victory for SEC 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/newly-published-doj-document-reveals-binance-s-supervision-requirements-tbt73266.html">https://thebittimes.com/newly-published-doj-document-reveals-binance-s-supervision-requirements-tbt73266.html</a></p>

Newly published DoJ document reveals Binance’s supervision requirements

TheBitTimes

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