“We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity,” the spokesperson said. “We have a strong track record of assisting law enforcement agencies around the world, including in the United States.” A Binance spokesperson said the company doesn’t “comment on specific matters or inquiries,” but said in an email to The Verge that the company takes its “legal obligations very seriously. “
The scope of the federal investigation into Binance wasn’t clear as of Thursday. Cryptocurrency analytics firm Chainalysis reported that in 2019, some $756 million of $2.8 billion worth of criminal transactions involving the bitcoin cryptocurrency went through Binance.
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