- Binance CEO denies CFTC claims
- CZ dismisses insider trading allegations
- Binance emphasizes compliance efforts
Furthermore, CZ dismisses claims of “insider trading,” stating that the company enforces a 90-day no-day-trading rule for employees and restricts trading when they have obtained “private information.”
CZ expressed disappointment over the CFTC filing, given Binance’s cooperative efforts with the regulator for over two years. CZ denies any lack of compliance, emphasizing the “best-in-class” technology on Binance.com and a team of 750 dedicated to ensuring adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
Additionally, CZ highlights Binance.com’s 16 licenses for offering digital asset trading services, the highest number held by any cryptocurrency trading platform, as further evidence of its commitment to compliance.
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