Binance is suspected of violating US rules, CEO Changpeng Zhao called it a FUD

Binance is suspected of violating US rules, CEO Changpeng Zhao called it a FUD
  • The largest cryptocurrency exchange is being investigated for unregistered sales of crypto derivatives to the US population.

The US Commodity Futures Trading Commission has officially launched an investigation against the most popular cryptocurrency exchange Binance.

Today’s report, published by Bloomberg, states that the CFTC is trying to find out if Binance actually allowed US citizens to buy cryptocurrencies on its platform without the necessary permission.

The sources who provided this information wish to remain anonymous and are confidential, according to the Bloomberg daily, but Binance founder Changpeng Zhao himself has a different opinion and called the allegations FUD.

Changpeng Zhao reacted immediately and in a short time published several tweets explaining what FUD is, why investors should ignore FUD and also that FUD is just a sign of the Bull market.

Binance faced its first scandal last fall when Forbes published an article entitled “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators“, which probably kicked off everything. Two weeks after the publication of the article, Binance began to definitively block users in the United States.

Read also: One of the largest social media platforms in China has suspended accounts of well-known cryptocurrency exchanges

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