World's leading cryptocurrency exchange; Binance, is facing an unexpected and disappointing civil complaint from the CFTC. Despite having cooperated with them for over two years, the complaint appears to contain an incomplete recitation of facts. At Binance, we take compliance and transparency seriously, and we believe that our efforts and commitment to the law speak for themselves.
In response to the CFTC complaint, Binance has made it clear that we take compliance and transparency seriously. Our platform has implemented best-in-class technology to ensure compliance, including mandatory KYC programs that are among the highest standards in the world. We also have comprehensive measures in place to block US users, including by nationality, IP, mobile carrier, device fingerprints, and more.
Furthermore, Binance is committed to cooperation and transparency with regulators and law enforcement agencies around the world. Our compliance teams have handled over 55,000 law enforcement requests, and we have assisted US LE in freezing/seizing more than $285 million in funds since 2022.
Binance holds the highest number of licenses and registrations globally, and we are well-regarded by our user community. We do not trade for profit or manipulate the market, and we have strict policies in place to prevent our employees from doing so as well. Our focus is on building a solid platform that serves our users, and we believe in doing the right thing by them at all times.
In this journey towards freedom of money, Binance recognizes that challenges and obstacles will arise. However, we are committed to finding amicable solutions to all problems and collaborating with regulators and government agencies all around the world.
Binance's response to the CFTC complaint is a testament to our commitment to compliance and transparency. We believe that our platform and policies speak for themselves, and we are confident in our ability to continue serving our users while upholding the highest standards of the law.
No comments:
Post a Comment