Binance, Exchanges

Is Binance Restricted in US?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is facing increased scrutiny from United States regulators. The company has been uncooperative with requests for information from the Commodity Futures Trading Commission (CFTC), according to people familiar with the matter.

This is not the first time that Binance, which is headquartered in Malta but has significant operations in Hong Kong, has come under fire from U.S. authorities. In March 2018, the Securities and Exchange Commission (SEC) sent a warning to Binance about operating in the U.

S. without registration.

The CFTC’s interest in Binance appears to be part of a broader investigation into cryptocurrency price manipulation. The commission has issued subpoenas to a number of cryptocurrency exchanges and trading firms in recent months.

Binance is not registered with either the SEC or the CFTC, and it is not clear whether the company plans to register with either regulator. If Binance were to register with the SEC, it would be subject to stricter regulations than it is currently.

The CFTC declined to comment on this story. Binance did not respond to a request for comment.

The increased scrutiny from U.

regulators comes as Binance is seeking to expand its operations in the country. The company recently launched a new platform called Binance US, which is available to residents of select states.

It is unclear how Binance US will be affected by the CFTC’s investigation into the parent company. Binance US is registered with FinCEN, but it is not clear whether it will also be required to register with the CFTC.

The CFTC’s investigation into Binance is ongoing, and it remains to be seen whether the exchange will face any penalties or other repercussions as a result of the probe.

Previous ArticleNext Article