Reuters claims Binance mixed customers' money with company funds
A new report from Reuters details how Binance, the largest cryptocurrency exchange in the world, violated U.S. financial regulations by mixing consumer
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A new report from Reuters details how Binance, the largest cryptocurrency exchange in the world, violated U.S. financial regulations by mixing consumer
The Binance executive explained that Reuter's whole claim is based on user deposit-based USD minting, where users were making a purchase of a stablecoin that was redeemable by Paxos, which was explicitly stated on the page.
The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money to be kept separate, three sources familiar with the matter told Reuters.
May 23 (Reuters) - The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money to be kept separate, thre... | 06:00am
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