Binance Crypto Exchange Accused of Allowing U.S. Firms to Circumvent Derivatives Trading Ban – What’s Going On?
Binance has been accused by the Commodity Futures Trading Commission (CFTC) of allowing trading firms based in the US to trade crypto derivatives on Binance’s international exchange.
Allowing US-registered firms access to the derivatives platform constitutes an obvious circumvention of Binance’s own policy that no Americans are allowed to trade on Binance.com.
According to the CFTC, the US firms used offshore entities and various other methods to gain access to Binance.com. …
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