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Why is Binance being investigated?

The Binance query has to do with the crypto exchange’s compliance, or lack thereof, with U.S. anti-money-laundering laws and sanctions. The investigation followed reports of criminals using Binance to move money illicitly, according to Reuters.

Is the Department of Justice looking into Binance?

The Department of Justice has been looking into Binance, the world’s largest crypto exchange, since 2018, but intradepartmental disagreements are delaying the investigation’s conclusion, Reuters reported Monday, citing four anonymous sources.

Who is involved in the Binance money laundering investigation?

The investigation followed reports of criminals using Binance to move money illicitly, according to Reuters. Three different DOJ offices are involved: the Money Laundering and Asset Recovery Section (MLARS), the U.S. Attorney’s Office for the Western District of Washington, and the National Cryptocurrency Enforcement Team.

Does Binance holdings have insider trading & market manipulation?

U.S. investigations into Binance Holdings Ltd. have expanded, with authorities now examining possible insider trading and market manipulation -- the latest sign that scrutiny of the world’s largest cryptocurrency exchange is intensifying.

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