BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report

US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue.
Binance Probed for Possible Insider Trading, Market Manipulation
U.S. authorities are now investigating Binance for possible insider trading and Market manipulation to ascertain whether the company or its staff profited by taking advantage of its customers, Bloomberg reported Friday, citing people familiar with the matter. Binance was quoted saying:
At Binance, we have a zero-tolerance policy for insider trading and a strict ethical code related to any type of behavior that could have a negative impact on our customers or industry.
The review involves the Commodity Futures Trading Commission (CFTC) investigators, who have been reaching out to potential witnesses in recent weeks, the publication conveyed. The derivatives watchdog has already been probing whether Binance lets U.S. residents buy and sell derivatives linked to bitcoin and other cryptocurrencies, which is prohibited since Binance is not registered with it.
if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });
Besides the CFTC, the U.S. Department of Justice (DOJ) and the Internal Revenue Service (IRS) are also investigating Binance. The two previously launched criminal probes into whether the exchange has been a conduit for money laundering and tax evasion, the publication also reported. The company has not been accused of wrongdoing and the investigations may not lead to any official action.
A growing number of regulators globally have issued warnings against Binance for illegally operating in their jurisdictions, including in the U.K., Japan, Thailand, Malaysia, Hong Kong, Singapore, Netherlands, Germany, Lithuania, and South Africa.
What do you think about Binance being investigated for market manipulation and insider trading? Let us know in the comments section below.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News