US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Business Practices' – Regulation Bitcoin News

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US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Business Practices' – Regulation Bitcoin News
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U.S. senators are probing crypto exchange Binance regarding its 'potentially illegal business practices.' cryptocurrency bitcoin

US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Business Practices'

The letter, addressed to Binance CEO Changpeng Zhao and BAM Trading Services CEO Brian Shroder, asks for documents and answers concerning each crypto exchange’s “finances, risk management, and regulatory compliance as it faces investigations into potential crimes,” the senators detailed. Binance and its U.S. affiliate, Binance US, are two separate entities. BAM Trading Services is doing business as Binance US.

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