Cryptocurrency Q&A
Is Binance money-laundering?
Is Binance money-laundering?
Maria
Tue May 07 2024
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7 answers
1767
I've heard some rumors that Binance is involved in money laundering. Is this true? If so, how does it work? What kind of measures does Binance take to prevent money laundering? Does it have any impact on the cryptocurrency industry? Should we be worried about the security of our funds if we use Binance? I'm just trying to understand the situation better. Could you please provide some insights?
7 answers
GeishaWhisper
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, also provides comprehensive services in the crypto space, including spot trading, futures trading, crypto wallet, and more.
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StormGalaxy
Thu May 09 2024
Zhao, who had pleaded guilty to the charges late last year, resigned from his position as CEO of Binance following the verdict.
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ShintoMystic
Thu May 09 2024
The crypto exchange giant itself was fined a staggering $4.3 billion by the court.
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Chiara
Thu May 09 2024
The case against Zhao centered on his handling of funds related to illegal activities through Binance.
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TaegeukChampion
Thu May 09 2024
Changpeng Zhao, the former leader of the world's largest cryptocurrency trading company, Binance, faced legal consequences on Tuesday in a Seattle court.
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