Crypto giant Binance accused of breaking US trading and derivatives laws
- Binance is facing legal trouble for allegedly violating US regulations and the Commodity Exchange Act.
- The company is accused of offering unregistered crypto derivatives, not asking users for mandatory identity verification, structuring itself to avoid US regulation, and telling customers how to bypass its own compliance system for US-based customers.
- CFTC has charged Binance, its founder Changpeng Zhao, and former compliance chief Samuel Lim.
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