![]() ![]() Zhao, a billionaire who is one of crypto's most powerful figures, tweeted on Friday in response to a news story on the French investigation, "FUD" - crypto jargon for news perceived as negative. Securities and Exchange Commission (SEC) with 13 offences, including operating an unregistered securities exchange and failing to restrict U.S. "Information about our users is held securely and only provided to government officials upon receipt of documented, appropriate justification," the spokesperson added.īinance and its CEO Changpeng Zhao were charged last week by the U.S. Unverified users can enjoy the platform’s features and have a daily withdrawal limit of 0.2 BTC, while verified users can withdraw up to 5 BTC daily. The exchange "was fully collaborative and we met our obligations accordingly," they said. No KYC Needed for Most Functions: BYDFi eliminates the need for Know Your Customer (KYC) verification for most functions. The investigation is about "the unauthorised practice of the profession of virtual assets service provider" and "aggravated money-laundering," the prosecutor's office said in a statement.Ī Binance spokesperson said Binance had an "on-site visit last week by the relevant authorities" in France. PARIS, June 16 (Reuters) - Binance is under preliminary investigation for illegal canvassing of clients and money-laundering, the Paris prosecutor's office said on Friday, the latest in a series of setbacks for the world's largest crypto exchange. Reuters reported that Telegram messages suggested that Binance CEO Changpeng CZ Zhao ignored calls from compliance officers over a loose KYC and anti-money-laundering (AML) policy.
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