US regulators investigating Binance reported "This will continue for a while."

It may take years for an investigation into the Binance global cryptocurrency exchange by US officials to come to a conclusion. The Bloomberg news outlet sent shockwaves through cryptocurrency on Friday after reporting that Binance was being investigated by authorities investigating money laundering and tax crimes. Relevant officials include prosecutors from the Department of Justice's Banking Integrity Unit and investigators from the US law firm in Seattle. In addition, a source close to the subject reveals that the Internal Revenue Service (IRS) also examines the behavior of Binance employees and customers. In response to the Bloomberg report, Binance CEO Changpeng Zhao told his 2.2 million subscribers that the Bloomberg report is indeed an explanation of how the global crypto exchange works with authorities. to eliminate illegal activities. The "headline" is bad. The article itself isn't actually that bad (but who's reading). It was about how Binance teamed up with law enforcement to fight bad actors, but somehow it sounded like a bad thing … anyway. Get back to work. Meanwhile, Bloomberg reporter Jesse Westbrook says the investigation has been complex and has been going on for months. An agency like the Securities and Exchange Commission …. So you know these investigations take months or even years. So it's not something you start to investigate, and we immediately see accusations flying around and criminals running around and things like that. it will last for a while. ”Don't Miss a Rhythm – Subscribe to get encrypted email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf Daily Hodl Mix Check the latest news Disclaimer: The views expressed on The Daily Hodl are not investment advice . Investors should conduct due diligence

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