It has been stated that the US Department of Justice and the National Revenue Office have opened an investigation against Binance for money laundering and tax issues.
The US Department of Justice and the National Revenue Agency have launched an investigation into the world’s largest cryptocurrency exchange, Binance. According to a source who spoke to Bloomberg, officials who investigated money laundering and tax crimes in the investigation requested information from people who were knowledgeable about Binance’s operations.
Founded in the Cayman Islands, Binance has an office in Singapore. In addition, the exchange does not have a single head office. Binance spokesperson Jessica Jung stated that the company takes all legal obligations seriously and is in contact with regulators. Stating that the company did not comment on the investigation in question, the spokesperson stated that they are working hard to establish a compliance program with the principles of anti-money laundering.
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