A bipartisan group of senators accused the world’s largest crypto exchange, Binance, of being “a hotbed of illegal financial activity” and asked the company to respond to a list of questions.
“Binance and its related entities have purposefully evaded regulators, moved assets to criminals and sanctions evaders, and hidden basic financial information from its customers and the public,” Sens. Elizabeth Warren (D., Mass.), Chris Van Hollen (D., Md.) and Roger Marshall (R., Kan.) wrote in a letter late Wednesday.
Source: U.S. Senators Press Binance on U.S. Users, Finances, Money-Laundering Controls