Senators press crypto exchange Binance on potentially illegal business practices after FTX collapse
Publishing timestamp: 2023-03-02 15:05:36
Summary
A bipartisan group of senators have asked Binance, the world's largest cryptocurrency exchange, for detailed information on its business operations amid accusations of illegal practices. The Justice Department began investigating Binance in 2018 and the senators have requested a list of seven items, including copies of company balance sheets and internal anti-money laundering policies, by mid-March. They highlighted the need for transparency and accountability in the crypto industry due to the collapse of FTX, which affected over 1 million investors.
Sentiment: NEGATIVE
Tickers: BNB.CM=,
Keywords: politics, breaking news: politics, u.s. economy, business news, binance/usd coin metrics,
Source: https://www.cnbc.com/2023/03/02/senators-probe-crypto-exchange-binance-after-ftx-collapse.html