CFTC Investigating Binance Over Insider Trading: Report

Sep 17, 2021 | Decrypt News | 0 comments

cftc-investigating-binance-over-insider-trading:-report

Binance, which has been plagued of late by high-profile regulatory admonitions, is now under investigation over insider trading claims, according to a report today from Bloomberg.

The report, which cites anonymous sources, states that that Commodity Futures Trading Commission is involved. The CFTC has regulatory purview over derivatives trading in the U.S. Such crypto trading products are offered on Binance’s global exchange but not on its U.S.-based affiliate.

Binance is already being probed by the CFTC, which is investigating whether the world’s top exchange illegally allowed U.S. residents to use the service. The Department of Justice and Internal Revenue Service have also been looking into the firm’s activities, according to a May report.

This story will be updated as it develops.

News Source from Decrypt.co

Related Articles

Bitcoin price consolidation leans toward ‘another leg higher’

Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up. On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a "consolidation phase" as investors lock in profits following a...

Two US banks sign up for bitcoin trading platform from Q2 and NYDIG

New York’s Five Star Bank and California's UNIFY Financial Credit Union are the first U.S. institutions to offer bitcoin trading through a platform from Austin-based Q2 Holdings and New York Digital Investment Group (NYDIG).  Through the so-called Q2 Digital Banking...

Pin It on Pinterest

Share This