CFTC lanza investigación de Binance

One of the US regulators, the CFTC, became interested in Binance amid concerns that the cryptocurrency exchange was providing local residents with the opportunity to conduct financial transactions that contravene US law.

As we learned, the CFTC seeks to determine whether the crypto exchange allowed the acquisition and sale of derivatives to Americans, while being not registered with the department and falling under the jurisdiction of the regulator.

Representatives of the exchange, in turn, said that they do not have the habit of commenting on their working relations with regulators in various countries and simply strive to adhere to local laws.

The company noted that it blocks the access of US residents to the site, using a whole stack of technologies to detect violations. In addition, Binance emphasised the fact that the exchange always goes to the peaceful resolution of potential conflict situations with country regulators, taking all its legal obligations as seriously as possible.

Amid a Bloomberg article on CFTC and Binance, Changpeng Zhao, CEO of Binance, urged people not to fall for FUD. In other words, do not sow panic in the community about potential regulatory measures until further clarification of the situation.

At the same time, the cost of bitcoin fell from $56,400 to $55,300. Binance Coin (BNB) rate followed, falling by 9% - from $275 to $250.

📌 Subscribe to our Telegram, Twitter and Facebook to be the first to know the news of cryptocurrencies!