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Home NEWS NEWS BITCOIN CZ denied the accusations of Binance.US circumventing the law and extorting money ...

CZ denied the accusations of Binance.US circumventing the law and extorting money from investors

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CZ denied the accusations of Binance.US circumventing the law and extorting money from investors

 

Before the allegations of Binance.US, CZ confirmed that "Binance always operates within the limits of the law".

There was a recent allegation about Binance.US that "Binance set up a branch in the US to circumvent the law and stealthily profit from investors".

“Binance establishes operations in the US to distract regulators with a false interest in regulatory compliance, measures that will be in place to transfer revenue as licensing fees and beyond. again for parent company, Binance… ”, tAn article published October 29th from Forbes Michael Del Castillo.

In a response given about an hour after the article was published, the CEO himself BinanceChangpeng Zhao, in turn, contradicted many of the claims in the post.

"Binance always operates within the law," said Zhao.

Zhao added that Binance's opening of branches in a number of countries is evidence of a willingness to comply with a regulatory framework "with the right applications and licenses". The head of Binance stated, “We always work very closely with many law enforcement agencies in the countries that we visit. Binance's operations in the US have clear operating procedures and, of course, operate to the extent permitted by law ”.

Binance.US currently operates in 40 US states.

There are several strategy documents out there that say that Binance distracts and bypasses law enforcement and does something mysterious.

Responding to the statements on twitter, the Binance CEO said that "Anyone can create a 'strategy document', but that doesn't mean that Binance follows them, the allegation is unfounded."


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