US authorities have launched an investigation against the leading cryptocurrency trading platform – Binance. On Thursday night, Bloomberg announced that the Internal Revenue Service and the Ministry of Justice will inspect the company for suspicions of money laundering and tax crimes.
Founded in 2017, the platform is the largest for cryptocurrency trading in the world. It is registered in the Cayman Islands and has an office in Singapore.
According to the information, the US Commodity Futures Trading Commission is investigating whether Binance has allowed US citizens to trade illegally through their platform, allowing them to buy derivatives related to digital tokens.
US citizens have the right to purchase such products only through companies registered with the Commission. Binance has previously said it has stopped such attempts to smuggle US citizens and to freeze their accounts in its system.
According to estimates by analyst firm Chaianalysis from 2019, about $ 756 million out of a total of $ 2.8 billion in illegal transactions made with bitcoin have passed through the Binance platform.
The company told the specialized website The Verge that they would not comment on issues related to the investigation. However, their spokesman assured that Binance “takes its legal obligations very seriously”.
After the initial euphoria, Tesla refused to sell cars against bitcoin
And this news led to a $ 365 billion outflow from the cryptocurrency market
–
Meanwhile, on Thursday and during early trading on Friday, the largest cryptocurrencies continue to depreciate significantly. The sharp decline in bitcoin began after Elon Musk announced that Tesla had abandoned plans to accept payments in cryptocurrency for the purchase of its cars.
The news led to a $ 365 billion outflow from the cryptocurrency market on Wednesday. Currently, according to the CoinDesk platform, for the last 24 hours the price of bitcoin has remained by almost 3% down below $ 50,000, or more specifically at the level of $ 49,332.
The decline in ether is greater – over 3 to 3806 dollars, and in XRP – from 1.47% to 1.34 dollars. Meanwhile, the price of Dogecoin is growing at a steady rate of 15.31% to 0.516884 dollars.
– .
