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Huge Cloud Over Binance, the World’s Biggest Crypto Platform

It’s a big fish that is now in the sights of regulators looking to oversee the young crypto industry. 

And it’s a safe bet that the subtle message that the market police want to send — no actor is immune — will be heard loud and clear. Binance, the world’s largest cryptocurrency exchange by volume is under investigation by the Department of Justice (DoJ).

The federal agency is investigating whether Binance.com violated US money laundering sanctions. At the end of 2020, the DoJ asked Binance to submit internal documents relating to how the firm ensures that users of its platform do not launder money, reports Reuters




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