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News Explorer — CFTC Chair: Binance Charges Due to 'Clear Case of Evasion'

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Mar 28, 2:46 pm

Coindesk

CFTC Chair: Binance Charges Due to 'Clear Case of Evasion'

The U.S. Commodity Futures Trading Commission (CFTC) has charged Binance and its CEO Changpeng "CZ" Zhao with offering unregistered crypto derivatives products and other violations of the Commodity Exchange Act. Internal chats from Binance, including one from Samuel Lim, suggest that the exchange was attempting to evade the law. Furthermore, Binance allegedly encouraged clients to use VPNs to access global markets. CFTC Chair Rostin Behnam told CNBC that it was "a pretty clear case of evasion" from Binance.

The U.S. Commodity Futures Trading Commission (CFTC) has charged Binance and its CEO Changpeng "CZ" Zhao with offering unregistered crypto derivatives products and other violations of the Commodity Exchange Act. Internal chats from Binance, including one from Samuel Lim, suggest that the exchange was attempting to evade the law. Furthermore, Binance allegedly encouraged clients to use VPNs to access global markets. CFTC Chair Rostin Behnam told CNBC that it was "a pretty clear case of evasion" from Binance.

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