Investment House Launches Specialist Digital Asset Financing Business

Tom Burroughes

28 March 2023

has charged Binance, a business founded in 2017 and the largest centralised exchange for digital assets, for violating US regulations. It is led by billionaire Changpeng Zhao, who was also charged by the the CFTC. The regulator also charged Samuel Lim, Binance’s former chief compliance officer, with aiding and abetting Binance’s violations.

“The defendants allegedly chose to knowingly disregard applicable provisions of the CEA while engaging in a calculated strategy of regulatory arbitrage to their commercial benefit,” the CFTC said. A report by the BBC said Binance did not formally comment.