Binance, the world’s largest and most popular crypto exchange, has taken action to resolve investigations with US regulators.
Binance, the leading crypto exchange, is moving to the punishment system to solve the extraordinary regulatory and legal investigations on the US side. Binance stated that people who do not comply with the order and the law should be prepared for the penalties that may come.
Binance Emphasized that Necessary Situations Will Be Made for Solutions
Binance stressed that it will take drastic measures to situations that violate regulations and laws. Stating that it will display a solution-oriented approach to events, Binance mentioned that the requirements for solutions will be implemented.
In light of the February 15 WSJ report, which targeted Patrick Hillmann, one of the firm’s officials, “Binance is working with regulators to resolve past issues.” made statements.
Hillmann made statements;
“Binance will continue to work to solve the problems experienced and cooperate with regulators for solutions. I have no doubts about how the problem processes will progress, I feel good with the new regulations.”
He stressed that ongoing investigations will subject them to possible fines. Binance has participated in many investigations, including an investigation by the Department of Justice regarding money laundering and violations in the United States. The Securities and Exchange Commission (SEC) also launched an investigation into the US region of Binance in February 2022.
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