Will Binance Face The Same Fate As US Banks?

The Penalty for Binance’s Alleged Crypto Crimes

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What type of punishment might Binance and its leader Changpeng “CZ” Zhao deserve if found guilty of the CFTC’s accusations?

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CFTC Chairman Rostin Behnam dodged this tricky question on CNBC interview. Obvious Reasons!

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If the allegations are proven right, Binance and its members can go out of business in the US by prohibiting them from trading or ever registering as a commodity futures merchant.

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We have already witnessed what happened with many big banks that have gotten in trouble with regulators!

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Banks atleast provide services that are vital to the greater good, but what about crypto exchanges that has allegedly skirted the laws?

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CFTC cpmplaint speculates Binance of conducting money laundering activities and supporting international crime.

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It seems like it would be a mistake to assume US regulators will close two eyes to conversations like that in exchange for a fine.

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