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.

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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.

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.

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