Binance Investigated by CFTC - Report 101
Source: Instagram, Binance

Major crypto exchange Binance is being investigated by the US Commodity Futures Trading Commission (CFTC) over concerns that it allowed Americans to place wagers that violated US rules, Bloomberg reported, citing undisclosed people familiar with the matter.

The CFTC is seeking to determine whether Binance, which isn’t registered with the agency, permitted US residents to buy and sell derivatives that the regulator polices, the report added.

Binance coin (BNB) is down by 7% in the past hour, reaching USD 260, bitcoin (BTC) is down by 1.5%, to USD 55,907

(to be updated)

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