Briefing

Binance and Binance.US colluded to avoid U.S. scrutiny: Report

Despite claiming they are wholly independent of one another, global crypto-trading giant Binance and its American entity Binance.US mixed staff and finances and communicated with each other about avoiding legal and regulatory scrutiny in the U.S., The Wall Street Journal reported, citing interviews as well as messages and documents from 2018 to 2020. A Binance spokesperson told the newspaper that the platform is “a very different company today when it comes to compliance.” (The Wall Street Journal)

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