Binance, the world’s largest cryptocurrency exchange, expects to pay a fine to settle an investigation into its operations in the US, a top official has openly disputed the idea of being under any investigation. and ridiculed such media outlets before stating at a major turning point. Reported otherwise.
Binance Chief Strategy Officer Patrick Hillman told the WSJ that he clearly admitted to breaking the law, saying the company’s executives were not familiar with the laws and regulations written around bribery, corruption and money laundering. Told.
Binance is “working with regulators to find the corrective actions we have to go through now to rectify that,” he said. The results range from “kind of a fine” to “could be more.”
Reuters reported in December that U.S. Justice Department prosecutors have been investigating Binance for violations of U.S. anti-money laundering laws and sanctions since 2018. was reported to have split.
Binance has publicly refuted the report, claiming Reuters is “wrong again” and “attacking our law enforcement team, a team we are very proud of.”
Binance Founder and CEO Changpeng Zhao launched a campaign on Twitter, claiming Newsroom was “still working” for FTX founder Sam Bankman-Fried. . As usual, Zhao offered no evidence to support his claims, urging followers to “ignore the FUD.”
Binance’s policy shift comes when it becomes publicly clear that not everything is going well for the company. For Binance, the SEC has notified Paxos, which issues the BUSD stablecoin, that it plans to take action against the company regarding such issuance, the WSJ previously reported.
Earlier this week, Paxos said it had stopped issuing new BUSD tokens at the direction of the New York Department of Financial Services.
