U.S. Justice Department undecided about charging Binance as the crypto market struggles
Join Our Telegram channel to stay up to date on breaking news coverage Splits among US Department of Justice prosecutors are delaying the resolution of a protracted criminal investigation into Binance, the largest cryptocurrency exchange in the world, according to four people with knowledge of the situation. According to these people, the investigation was launched in 2018 and is concentrated on Binance’s compliance with American anti-money laundering laws and sanctions. As per two of the sources, some of the at least six federal prosecutors working the case feel that the evidence already gathered supports taking aggressive action against the exchange and charging specific executives, including the founder Changpeng Zhao, with crimes. The sources claimed that some have argued for taking the time to consider more evidence. The Money Laundering and Asset Recovery Section, also known as MLARS, the U.S. Attorney’s Office for the Western District of Washington in Seattle...