On Monday, a new report published by Reuters alleged that cryptocurrency exchange Binance “swerved scrutiny” from regulators in the U.K. and U.S. The main spearhead of the allegations arises from two supposed incidents in its operating history. First, Reuters wrote of Binance strategy executive Zoe Wei’s proposal to backdate a service agreement relating to various operations between Binance’s U.K. unit and Binance’s Cayman Islands holding company on March 11, 2020. The move allegedly allowed Binance to exempt itself from registration with the country’s Fina ...
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