Whats wrong with binance

whats wrong with binance

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Following a multiyear investigation, US authorities said Binance allowed bad actors on the platform, enabling transactions linked to child sex. Binance is a Chinese digital asset exchange currently sitting in the top 20 exchanges by volume. The exchange has particularly strong volume in pairs like. In March , the Ontario Securities Commission (OSC) stated that Binance may have violated securities laws by operating an unregistered cryptocurrency trading.
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This could lead to a shift in the operational dynamics of the exchange, potentially impacting Australian investors who are part of the global user base that Binance serves. While some investors continue to keep their digital assets on centralised exchanges, many have chosen hardware wallets. Main Takeaways Investors Should Understand. Changpeng Zhao, commonly known as CZ, pleaded guilty to charges of breaking US anti-money laundering laws.