Binance CEO Changpeng Zhao has responded to the allegations made by the U.S. CFTC in its civil complaint. Zhao listed the steps taken by his crypto exchange to ensure compliance with U.S. laws and policies. Changpeng Zhao, the man behind the world’s largest crypto exchange Binance, has responded to the civil lawsuit brought by the […]
Binance CEO Changpeng Zhao has responded to the allegations made by the U.S. CFTC in its civil complaint.Changpeng Zhao, the man behind the world’s largest crypto exchange
Speaking on Binance’s compliance with U.S. laws and policies, Zhao stated that his exchange had in place the best-in-class technology to ensure compliance. This included the highest standards in know-your-customer and anti-money laundering . He added that users from the United States are blocked through various identifying factors. Some of these measures were IP address, device fingerprints, credit card bin numbers, and more.
Changpeng Zhao clarified that he personally held two accounts at Binance: one for Binance Card and one for his crypto holdings. He said:
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