Binance deliberately skirted US sanctions to serve Iran users, says Reuters
Reuters revealed Binance knew it was serving Iran-based users despite US sanctions prohibiting them from doing so.
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Reuters revealed Binance knew it was serving Iran-based users despite US sanctions prohibiting them from doing so.
A bad week for CZ. The SEC probes Binance BNB ICO while Reuters proves billions in wash trading occurred via the exchange from 2017 to 2021.
Despite calling the measures "unethical," Binance chief Changpeng Zhao says the company "must continue to lead the industry in implementing these sanctions.”
With an estimated net worth of $96 billion as of January 9, Binance's CZ career has earned him a place among the 100 wealthiest billionaires.
Changpeng Zhao met with UK officials last week. Days later, crypto exchange Binance has renewed banking access for euros and pounds.
Binance is blocking crypto traders on sanctions lists but won’t widely ban Russian users, as it would supposedly go against crypto's values.
Considering the role's seniority and Binance's endless bad press for lax compliance, Harry Clynch assumed he wouldn't get the job. He did.
Turns out, claiming to have no headquarters and refusing to answer questions about their location makes Binance execs difficult to sue.
Cayman Islands-based Binance has partnered with a German bank to sell stock tokens, but international regulators are keeping close watch.