US authorities are considering filing criminal charges against Binance for money laundering

There is disagreement at the US Department of Justice over whether Binance should be charged or not.

The US government is considering filing criminal charges against the cryptocurrency exchange Binance and its chief executive, Changping Zhao, for violating money laundering laws, according to a Reuters report.

- Advertisement -

As the news agency reports, there is disagreement at the US Department of Justice over whether Binance should be charged, with the government investigating the company’s actions since 2018.

According to Reuters, if the investigation goes ahead and charges are brought against Zhao and other company executives, it would significantly affect Binance’s influence in the cryptocurrency market which has been tested in recent times by the collapse of FTX.com.

The charges against Binance include illegal money transfer and conspiracy to commit money laundering, among others.

A Binance spokesperson told Reuters that “we have no information about the internal processes at the US Department of Justice. Even if we did, it would not be appropriate for us to comment.”

A spokesperson for the department declined to make any official comment.

Previous Articles:

- Advertisement -

Latest

CoinFerenceX Dubai – World’s First Decentralized Event with Innovation and Global Reach

CoinferenceX is a decentralized Web3 event happening in Dubai on April 28, 2025.More than 4,000 people are expected to attend CoinferenceX Dubai in person.New...

TRUMP Token Holders Sell $869M After President Announces Dinner Event

President Trump's memecoin has experienced $869 million in outflows compared to $96 million in inflows over a seven-day period.The outflows coincided with Trump's announcement...

Disney-Created Dragonchain Soars 115% as SEC Drops Securities Lawsuit

Dragonchain (DRGN) cryptocurrency price surged 115% after the SEC dropped its 2022 lawsuit against the project.The blockchain project was originally developed by Walt Disney...

SEC’s New Chair Promises ‘Rules of the Road’ for Crypto Industry

New SEC Chair Paul Atkins expressed optimism about blockchain technology during his first appearance at a crypto regulation roundtable.Atkins committed to establishing "clear regulatory...

Fed Clears Path for Crypto Banking to Enter Mainstream in 2025

The Federal Reserve has joined other U.S. regulators in easing restrictions on crypto banking, signaling a major shift in the regulatory landscape.Stablecoins are positioned...

Must Read

How to Buy Dedicated Hosting With Crypto

In this article I am going to show you how to buy dedicated hosting with crypto from one of the best European hosting providers...