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U.S. Department of Justice officials considering nomination fraud allegations against the cryptocurrency exchange Binance. However, according to people close to them, they are concerned about how this will affect the clients of the platform.
Federal prosecutors fear that the accusations against Binance will provoke a stir similar to the one that occurred in November 2022 amid the collapse of the bankrupt crypto exchange FTX. Potential problems with the withdrawal of funds from the platform can cause a panic in the cryptocurrency market and lead to large-scale consequences.
Prosecutors are considering other options, such as fines and agreements to delay or not prosecute. In this case, Binance will be held liable for alleged violations of the law, while significantly reducing the damage to users.
The discussion highlights the complex and rapidly evolving nature of cryptocurrency enforcement and regulation in the US, where companies operate in a legal gray area. At the time of writing, both the MOJ and Binance have not commented.
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2023-08-02 17:45:17
#government #plans #file #fraud #charges #Binance
