Binance Terminates Partnerships Amid Ongoing Investigations!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Binance is making operational changes, including terminating its partnership with Central American payment processor Advance Cash and ending peer-to-peer transactions with Russian-sanctioned banks. The exchange has also been distancing itself from payment processors in Europe and the Americas amid ongoing investigations by the US Department of Justice for money laundering, sanctions evasion, and potential fraud. The Securities and Exchange Commission has also lodged a complaint against Binance Global, Binance.US, and their CEO for alleged breaches of federal securities rules, while the US Commodity Futures Trading Commission is also involved in the case.

Source: https://coinpedia.org/crypto-live-news/binance-terminates-partnerships-amid-ongoing-investigations/