US Department of Justice Suspects Binance of Offering its Services to Russian Users
The US Department of Justice has launched an investigation into the operations of Binance, the largest cryptocurrency exchange, due to suspicion of violating sanctions legislation.
The Department of National Security under the Ministry of Justice is examining transactions conducted by users from the Russian Federation.
They are compiling a list of accounts used to carry out financial transfers in circumvention of the sanctions regime.
There has been no comment from US authorities on the information published by Bloomberg.
It was previously revealed that Binance had been serving Iranian users in defiance of the Western sanctions.
In November, Binance CEO Changpeng Zhao stated that his exchange would block accounts linked to the Russian Federation to comply with US sanctions laws.
