Breaking: Binance CEO CZ rejects allegations of market manipulation

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Breaking: Binance CEO CZ rejects allegations of market manipulation
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Changpeng 'CZ' Zhao has denied allegations from the U.S. commodities regulator, including claims that Binance trades for profit and engages in market manipulation.

from the Commodities Futures and Trading Commission complaint, arguing the company"does not trade for profit or 'manipulate' the market under any circumstances."argued

"Personally, I have two accounts at Binance: one for Binance Card, one for my crypto holdings. I eat our own dog food and store my crypto on Binance.com. I also need to convert crypto from time to time to pay for my personal expenses or for the Card."“This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures.”

"I observe these policies myself strictly. I also never participated in Binance Launchpad, Earn, Margin, or Futures. I know the best use of my time is to build a solid platform that services our users," he add Regarding the compliance allegations, CZ says Binance.com has developed “best-in-class” technology to ensure compliance and currently has more than 750 people working to ensure their business operates within the bounds of anti-money laundering and know your client laws:

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