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Crypto giant Binance accused of ‘calculated strategy’ of avoiding compliance

Founder and CEO of Binance Changpeng Zhao
Founder and CEO of Binance Changpeng Zhao. Photo: Getty Images

Martina Lindberg

4 min read
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CFTC moves against Binance while SEC issues Wells Notice on Coinbase.

Binance CEO Changpeng Zhao and three Binance entities have been charged over what are alleged to be numerous violations of the Commodity Exchange Act (CEA) and Commodity Futures Trading Commission (CFTC) regulations. The company’s former chief compliance officer Samuel Lim is also charged with aiding and abetting the violations.

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