Allegations of illegal activity by Binance exchange
The cryptocurrency exchange Binance has been hit by accusations from the US Commodity Futures Trading Commission (CFTC) that it illegally served US customers.
Growing scrutiny of cryptocurrency activities by regulators
Binance is one of the world’s largest digital currency exchanges and the allegations come amid increasing scrutiny of cryptocurrency activities by regulators around the world.
CFTC orders Binance to pay $370 million in charges
The CFTC has ordered Binance to pay $370 million to address the charges, which include offering futures contracts to US traders without being registered with the regulator. Binance has rejected the allegations and said it would vigorously defend itself.
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