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People familiar with the matter: Due to the plea agreement reached between Binance and the US authorities last year, Binance may allow the authoritie

People familiar with the matter: Due to the plea agreement reached between Binance and the US authorities last year, Binance may allow the authoritie

Cointime2024/03/20 06:39
By: Cointime

On March 20th, it was reported by insiders that due to Binance reaching a guilty plea agreement with US authorities last year, Binance may allow authorities to access documents, records, and resources, including information related to "former employees, agents, intermediaries, advisors, representatives, distributors, licenses, contractors, suppliers, and joint venture partners."

Against this backdrop, the cryptocurrency industry remains vigilant about compliance-related changes to key digital asset trading venues. For example, insiders previously told Bloomberg that the exchange has tightened requirements for listing new digital tokens.

Analysts believe that once the US Department of Justice Joint Task Force enters Binance, the privacy of Binance users, including both KYC information and fund flows, will be fully exposed to US government supervision. The privacy of Binance users will be threatened.

According to CCData, Binance's share of global spot cryptocurrency trading volume has fallen from nearly 60% to about 30%, but has since recovered to about 40%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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