Leading cryptocurrency exchange, Binance, and its CEO Changpeng “CZ” Zhao, are in hot water as the United States Commodity Futures Trading Commission (CFTC) filed a lawsuit against the company for trading violations. The case was filed in the U.S. District Court for the Northern District of Illinois, Bloomberg reported.The CFTC’s allegations center around Binance‘s failure to adhere to regulatory obligations by not registering properly with the derivatives regulator.The cryptocurrency exchange has been under the CFTC’s microscope since 2021, and in February, Binance acknowledged the likelihood of facing regulatory action in the United States. The company has since been actively cooperating with regulators in an effort to resolve the situation.Read the article about<a href="https://crypto.ro/en/news/binance-and-ceo-cz-facing-regulatory-action-from-cftc-irs-and-sec/" rel="noopener noreferrer nofollow"> Binance&#39;s regulatory actions</a>.

Binance and CEO CZ facing regulatory action from CFTC, IRS and SEC

crypto.ro global

Andere artikelen gepubliceerd op 27 mrt 2023

Zise Wallet: A new Android Mobile Nexa Wallet

edeXa Set to Launch Mainnet: The Future of Business on the Blockchain

Litecoin has been deemed a commodity according to the CFTC

The Price of BTC: What Are Experts Saying?

Unifying the Blockchain Ecosystem: How BeOneChain is Revolutionizing the Crypto Landscape

Burger King to Accept Crypto Payouts for Instpower Powerbanks

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!