Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloomberg sources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation.

The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like the location of Binance servers (and thus whether the US can pursue any cases).

The commission had previously launched an investigation into the sales of derivatives tied to cryptocurrencies. It’s reportedly looking for internal Binance data that might show sales of those derivatives to American customers, breaking regulations that forbid those sales without registrations. The Internal Revenue Service and Justice Department are also probing possible money laundering on the exchange.

There are no guarantees of action. The CFTC and Justice Department have supposedly been investigating Binance for months, and any decisions might take a while longer.
Not surprisingly, Binance said it was above-board. A spokesperson told Bloomberg the exchange had a “zero-tolerance” approach to insider trades as well as ethical codes and security guidelines to prevent those actions.

The company added that it fires offenders at a bare minimum. The CFTC has declined to comment.The heightened scrutiny of Binance, if accurate, would come as part of a larger US crackdown on cryptocurrencies. Officials are concerned the lack of consumer protections (including regulation) might hurt customers who sign up for services expecting the same safeguards they have with conventional money.

In this case, the focus is on accountability — insider trading could wreck valuable investments and erode trust in Binance and other crypto exchanges

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SOURCE:https://brandspurng.com/2021/09/20/u-s-binance-probe-expands-to-examine-possible-insider-trading/

The Internal Revenue Service and Justice Department are also probing possible money laundering on the exchange.

This is exactly wetin Dey occur..

D

Binance as of today is the largest known crypto exchange and coin storage.
It is nice for the government to regulate he crypto market, but is this a wise course of action for what crypto represents?

Keep holdling

This space is for sale ooooooo

Make US d their lane this time

Alright

They should play carefully oo. Some people's daily bread comes from Binance oo... Speaking from experience shaa.

Okay

Okay.

Ok

Hope they ain't banning crypto over there too

All are expected in any financial sector, crypto projects are here to stay and are rapidly advancing. Better suit up and enhance you knowledge on BLOCKCHAIN technology.


Still spreading the word about ABitNetwork, TAT-COIN, TXT and loads of other amazing opportunity from ABit

H

Insider trading is criminal. U are literally deceiving public investors to ur own benefits.

It is same as fraud. I hope they are cleared. Many criminals in crypto trading.

Ok. It is noted.

Ole

US DEY CRAZE


MAKE I RUN MOVE MY TRADING MONEY FROM BINANCE SHARPALY

You see why many brokers reject US and Canadian citizens?

These countries are always looking for opportunities to seize asset. The best thing you can do is to keep US out of your affairs

Lol, crypto Traders never die as virgins, cause the market fvcks them daily

Ok.

Ok

Crypto has come to stay, but need regulations. Actually everything in life, need to be regulated. Christ is coming soon, repent from every know sin.

stay holdling

US wahala too much

Mr100Dollars:
This is actually the cause of the dip.


Not a good time to be a Crypto trader, make them pity for us abeg, you will see your $300 investment turn to $65 immediately you wake up from sleep, just as painful as seeing someone fvcking your girlfriend doddy style

Use the royal q bot to trade and let it still make money for you even in this dip.

DominusPrime:


Use the royal q bot to trade and let it still make money for you even in this dip.

Never