Binance is Being Investigated by the US for Alleged Russian Sanctions Violations

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Last Updated on May 6, 2023 by Bitfinsider

The US Justice Department is examining whether Binance Holdings was improperly exploited to allow Russians to avoid US sanctions and move money through the cryptocurrency exchange.

Regulators throughout the world have long urged for stronger regulations on cryptocurrency exchanges, including Binance, the world’s largest, to avoid unlawful activity ranging from money laundering to terrorism financing.

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