Binance, the largest cryptocurrency exchange by volume, has finally spoken out in response to an article published by Reuters claiming that the U.S. Department of Justice. found credible evidence that their party violated U.S. sanctions, centered around anti-money laundering laws.
Responding to Reuters' accusations, the Binance team has stated that the cryptocurrency is not a haven for money laundering and that they have a world-class team that protects such activities from happening on the platform.
Denies allegations of U.S. DOJ filing charges. on them, Binance officially stated that their internal team is working closely with law enforcement.
The announcement further states:
Over the past year, this program has encouraged Binance to share knowledge and expertise during more than 70 workshops and training sessions with law enforcement and prosecutors in various countries from Asia to Europe, and America.
Binance has also previously denied claims published by the same media company in June 2022, where it claimed that “Binance is a safe house for hackers, fraudsters and drug dealers.”
In addition, the Binance team emphasized the fact that blockchain transactions are among the easiest to track and usually do not favor individuals involved in criminal activities.
At this point, the U.S. Department of Justice Prosecutor are split on whether they should proceed with filing criminal charges against Binance and its top executives, including CEO Changpeng Zhao, Reuters reported.
According to sources cited by Reuters, US Justice Department prosecutors are split on whether to file criminal charges against Binance and Changpeng Zhao for violating anti-money laundering restrictions. The world's largest crypto exchange was investigated in 2028 over its compliance with US anti-money laundering laws and restrictions.
