Binance, the world’s largest cryptocurrency exchange, has stopped offering clients a way to pay one another through sanctioned Russian banks, according to the Wall Street Journal.
since at least May whether Binance was used to let Russians evade U.S. sanctions, according to Bloomberg.Other regulators have increased their scrutiny of the crypto industry and have specifically called out Binance in recent lawsuits.
The Commodity Futures Trading Commission sued Binance and its CEO Changpeng"CZ" Zhao inA few months later, tBinance and said that the exchange and affiliated companies repeatedly lied to customers and misdirected funds.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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