11 US senators request federal probe into Binance’s sanctions compliance

Eleven U.S. senators have called for a federal investigation into Binance, the world's largest cryptocurrency exchange, regarding its compliance with U.S. sanctions. The senators expressed concerns that Binance may have facilitated transactions for users in countries subject to U.S. sanctions, potentially undermining national security. They are urging the Treasury Department and other agencies to examine the exchange's practices and ensure adherence to regulatory requirements. This request follows ongoing scrutiny of Binance's operations and regulatory compliance in various jurisdictions. The outcome of the investigation could have significant implications for the exchange and the broader cryptocurrency industry.

Read the full article: Coin Telegraph