{"id":15708,"date":"2022-12-12T22:06:14","date_gmt":"2022-12-12T22:06:14","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/will-the-doj-file-charges-against-binance-heres-what-we-know\/"},"modified":"2022-12-12T22:06:14","modified_gmt":"2022-12-12T22:06:14","slug":"will-the-doj-file-charges-against-binance-heres-what-we-know","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/will-the-doj-file-charges-against-binance-heres-what-we-know\/","title":{"rendered":"Will the DOJ File Charges Against Binance? Here’s What We Know"},"content":{"rendered":"
Ongoing discussions amongst DOJ prosecutors regarding a years-long criminal investigation into Binance may determine the fate of crypto \u2014 and Web3 as we know it. Beginning in 2018, the DOJ, namely its Money Laundering and Asset Recovery Section (MLARS) and National Cryptocurrency Enforcement Team offices, have been looking into Binance\u2019s potential involvement, or at least its alleged complicity in money laundering schemes taking place all around the world.<\/p>\n
Should the DOJ move forward and close the investigation, some federal prosecutors believe the correct course of action would be to criminally charge Binance\u2019s top executives with \u201cunlicensed money transmission, money laundering conspiracy and criminal sanctions violations,\u201d according to four people familiar with U.S. law enforcement and Binance\u2019s internal advisory policies, in the Reuters<\/em> report.<\/p>\n To help clear the air, the official Binance Twitter account posted the response it sent over to Reuters <\/em>in full. Binance\u2019s response notes that Reuters<\/em> didn\u2019t mention the steps Binance has taken internally to address potential bad actors using its platform for criminal activity.<\/p>\n