The world’s largest cryptocurrency exchange founded in 2017 is currently under scrutiny by both the United States Department of Justice and the Internal Revenue Service.
The exchange established in 2017 in Cayman Islands is facing investigation into the possibility of allowing Americans trade illegally on its platform by letting them by digital tokens that should only be sold by the US Commodity Futures Trading Commission (CFTC).
It doesn’t help that a recent published report by Chainalysis revealed that close to $756 million worth of illegal bitcoin currency transactions were done via the Binance platform.
A spokesperson for the Exchange disclosed to pressmen that the company doesn’t comment specifically on any inquiries but id takes its legal obligations seriously.