{"id":42471,"date":"2021-05-14T10:48:50","date_gmt":"2021-05-14T07:48:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42471"},"modified":"2025-08-30T23:22:12","modified_gmt":"2025-08-30T20:22:12","slug":"u-s-authorities-initiate-probe-into-binance-bloomberg-reports","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/u-s-authorities-initiate-probe-into-binance-bloomberg-reports\/","title":{"rendered":"U.S. authorities initiate probe into Binance, Bloomberg reports"},"content":{"rendered":"<p>The U.S. Department of Justice and the Internal Revenue Service (IRS) are conducting a probe into the cryptocurrency exchange Binance, Bloomberg reports, citing unnamed sources.<\/p>\n<p><!--more--><\/p>\n<p>According to the report, authorities are examining the trading platform for potential violations of anti-money-laundering and tax laws. Sources said that representatives of the DOJ and the IRS are requesting information &#8220;from people familiar with Binance&#8217;s business&#8221;.<\/p>\n<p>At this stage, the exchange has not been accused of violations, and the case may not progress further.<\/p>\n<p>A Binance spokesman told ForkLog that the company adopts a collaborative approach to working with regulators worldwide and &#8220;takes its legal obligations very seriously.&#8221; The exchange issued a similar statement in response to Bloomberg&#8217;s report.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion. (1\/3) <a href=\\\"https:\/\/t.co\/68UB1InOBK\\\">https:\/\/t.co\/68UB1InOBK<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1392897814204715017?ref_src=twsrc%5Etfw\\\">May 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Binance CEO Changpeng Zhao called the publication&#8217;s \\&#8221;bad\\&#8221; headline. He said it described how the exchange cooperates with law enforcement agencies \\&#8221;in the fight against bad actors.\\&#8221;<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The \\&#8221;news\\&#8221; title is bad. Article itself isn&#8217;t so bad actually (but who reads). It described how <a href=\\\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\\\">@binance<\/a> collaborated with law enforcement agencies to fight bad players, but somehow made it look like a bad thing\u2026 \ud83e\udd14 Anyways. Back to work.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\\\"https:\/\/twitter.com\/cz_binance\/status\/1392898786607828995?ref_src=twsrc%5Etfw\\\">May 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In the last 24 hours, the Binance Coin token fell 5.5%, according to <a href=\\\"https:\/\/www.coingecko.com\/\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener nofollow\\\">CoinGecko<\/a>. At the time of writing, the coin trades at around $591.<\/p>\n<p>In March 2021, Bloomberg reported <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-cftc-opens-investigation-into-binance\">that an investigation had started<\/a> into Binance. Later the company&#8217;s chief legal officer Max Bokus stated <a href=\"https:\/\/u1f987.com\/en\/news\/binance-adviser-comments-on-cftc-probe-into-the-exchange\">that there were no charges<\/a> by the agency.<\/p>\n<p>In the same month, the exchange <a href=\"https:\/\/u1f987.com\/en\/news\/binance-hires-former-fatf-chiefs-as-regulatory-advisers\">hired<\/a> former FATF officials as advisers on regulatory compliance and oversight. <\/p>\n<p>In April, former head of the Office of the Comptroller of the Currency within the U.S. Treasury, Brian Brooks <a href=\"https:\/\/u1f987.com\/en\/news\/brian-brooks-to-lead-binance-us-unit\">headed the company&#8217;s U.S. subsidiary<\/a>.<\/p>\n<p>Earlier, European regulators <a href=\"https:\/\/u1f987.com\/en\/news\/media-european-regulators-to-scrutinise-binances-launch-of-tokenised-stock-trading\">began examining<\/a> Binance&#8217;s compliance with transparency and disclosure rules in connection with the launch of trading in tokenised shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Justice and the Internal Revenue Service (IRS) are conducting a probe into the cryptocurrency exchange Binance.<\/p>\n","protected":false},"author":1,"featured_media":42472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,36,26],"class_list":["post-42471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42471"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42471\/revisions"}],"predecessor-version":[{"id":42473,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42471\/revisions\/42473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42472"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}