According to unconfirmed reports, the US Department of Justice plans to launch an investigation against Binance. Apparently, Binance is the biggest exchange Cryptocurrency in the world has violated US sanctions against Russia.
The U.S. Department of Justice is trying to figure out whether Binance allowed Russian customers to transfer money as a way to circumvent U.S. sanctions.
Android He writes that this is not the first time such a claim has been made against Binance. America has already said that Binance has helped Iranian users to circumvent sanctions. Informed sources say that Binance is negotiating with the US Department of Justice to reach an agreement on the alleged circumvention of Iran sanctions.
Following the start of the Russia-Ukraine war, the United States and the European Union sanctioned Russian financial institutions. Ukraine’s deputy prime minister asked all crypto exchanges to freeze Russian and Belarusian accounts, but Binance said at the time that it would not do so.
While rejecting Ukraine’s request to freeze the assets of Russian users, Binance said unilaterally blocking access to cryptocurrency is against the nature of the industry; Because in addition to the Russian government, this also cuts off the access of ordinary people.
The Ministry of Justice has launched many investigations against Binance. In 2021, the US Department of Justice and the Internal Revenue Service began investigating reports that Binance was being used for money laundering. Earlier this year, the US CFTC fined Binance and the CEO of this exchange.
In a statement sent to the media, Binance said that in 2021, together with a group of experienced managers, it launched a project to restructure its corporate structure to fundamentally change its operations globally.
In its statement, Binance did not deny the Justice Department’s claims, but said it has a strict policy against dual registration, anonymous identities and obscure sources of money.
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