Continuation of the onslaught of the American authorities – The digital asset exchange platform Binanceas well as its highly publicized leader Changpeng Zhaoare both targeted par la Commodity Futures Trading Commission of the United States, according to a Bloomberg report. It is actually the result of a long investigation starting in 2021at which time Binance already announced the high probability of the outcome we are observing.
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Binance reportedly failed to register with US derivatives regulator
The meteoric rise of the Binance platform can be explained, among other things, by the speed at which it has deployed its various services around the globe. A very different philosophy from the blue chips in the European or American sector, which have evolved gradually in a rather regulated framework.
In its report, the CFTC states:
“Binance traded on its own platform using approximately 300 “house” addresses which are all directly or indirectly owned by Changpeng Zhao. »
Several reasons might explain such movements, and not all of them are necessarily illegal. We will provide you with more information as the situation becomes clearer.
Either way, Binance’s initially prolific headlong rush might possibly become deleterious over time, in a context of regulatory tightening.
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