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Binance.US has license in US for crypto trading and at the same time their parent company binance.com is evading US sanctions. License can be revoked by SEC and
by mrkramer 4y ago
Binance.US has license in US for crypto trading and at the same time their parent company binance.com is evading US sanctions. License can be revoked by SEC and DOJ can order FBI to seize Binance.US
- deleted 4y ago[deleted]
- arcticbull 4y agoTechnically binance.com is not the parent company of binance.us - they set this all up under the framework of the so-called 'Tai Chi' document. [1] CZ is on the board of the '.us' and '.us' licenses the brand and technology from '.com' With that in mind, the law takes a dim view of such shenanigans. I suspect that '.com's tacit acceptance of VPNs in serving US customers is probably more than enough for a judge to pierce the corporate veil. [1] https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/?sh=6bc5382d2a92 https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/l...
- iancarroll 4y agoThe SEC does not license crypto exchanges, and the DOJ cannot “order” anything on its own. The odds an active crypto exchange with legitimate U.S. customers would be immediately seized is about 0%. Sanctions and ownership are very complicated, so there is no point in pretending this is a simple case.
- mrkramer 4y ago>The SEC does not license crypto exchanges, and the DOJ cannot “order” anything on its own. I'm not a lawyer so you explain me if you know it. But SEC is already investigating Binance over their token[0]. [0] https://www.bloomberg.com/news/articles/2022-06-06/us-probes-binance-over-token-that-is-now-world-s-fifth-largest https://www.bloomberg.com/news/articles/2022-06-06/us-probes...