Binance.US Denies Connection to Binance Amid Investigation Many wonder if this means that Binance will be looking to increase transparency in its operations. This could also help the exchange to separate itself from CZ’s own ties to the crypto space, along with his veiled residency and citizenship. The Information also alleged that executives at Binance.US have been exploring creative solutions for reducing Zhao’s stake in the exchange as a way to reduce their regulatory burden. Reducing CZ’s Stake Amid Regulatory Pressure Reports claim that CZ began looking into strategies to divest from the crypto exchange last summer, prior to being subject to investigation by U.S. It’s worth noting, however, that shifting ownership isn’t a new tactic for Binance.US. CZ also denied that the exchange was considering delisting U.S.-based crypto tokens on Twitter, claiming that blockchain has no borders. partners, including banks and service firms, delisting tokens issued by U.S.-based projects, such as Circle’s USDC stablecoin, and reassessing Binance.US’ venture investments. In relation to the investigation, according to Bloomberg, CZ has been looking to end relationships with U.S. In a move that shocked the crypto community, the New York Department of Financial Services forced Binance to suspend its bank transfers in U.S dollars earlier this month, further intensifying the scrutiny on Binance.US and its relationship with CZ. agencies, including the Securities and Exchange Commission, Commodity Futures Trading Commission, Justice Department, and the Internal Revenue Service. Government ScrutinyĪs the founder and majority shareholder of Binance.US, who is also known as CZ, Zhao has been under a microscope, drawing the attention of several U.S. Binance.US Denies Connection to Binance Amid InvestigationĬZ and Binance.US Under U.S.Reducing CZ’s Stake Amid Regulatory Pressure.
0 kommentar(er)
