Summary:
The United States Commodity and Futures Trading Commission (CFTC) is suing the CEO of the world’s largest cryptocurrency exchange Binance – Changpeng Zhao. As a result, the BTC price lost over 00 in minutes. According to a CNBC report, CZ – the CEO of Binance – is being sued by the CFTC for allegedly violating trading regulations. The court filing stipulates that the exchange has taken a “calculated approach to solicit US customers in violation of federal regulations.” CZ and his former compliance officer Samuel Lim have allegedly “actively cultivated lucrative and commercially important VIP customers, including institutional customers, located in the United States.” As a result, the price of BTC has plunged by more than 00 before recovering slightly to where it
Topics:
George Georgiev considers the following as important: Binance, BTCEUR, BTCGBP, btcusd, btcusdt, featured1
This could be interesting, too:
The United States Commodity and Futures Trading Commission (CFTC) is suing the CEO of the world’s largest cryptocurrency exchange Binance – Changpeng Zhao. As a result, the BTC price lost over 00 in minutes. According to a CNBC report, CZ – the CEO of Binance – is being sued by the CFTC for allegedly violating trading regulations. The court filing stipulates that the exchange has taken a “calculated approach to solicit US customers in violation of federal regulations.” CZ and his former compliance officer Samuel Lim have allegedly “actively cultivated lucrative and commercially important VIP customers, including institutional customers, located in the United States.” As a result, the price of BTC has plunged by more than 00 before recovering slightly to where it
Topics:
George Georgiev considers the following as important: Binance, BTCEUR, BTCGBP, btcusd, btcusdt, featured1
This could be interesting, too:
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CryptoVizArt writes Bitcoin Price Analysis: Does BTC Have Enough Strength to Chart New ATH This Week?
George Georgiev writes Bitcoin Price Flirts With a New ATH, Leaving Over 0 Million Shorts Liquidated
The United States Commodity and Futures Trading Commission (CFTC) is suing the CEO of the world’s largest cryptocurrency exchange Binance – Changpeng Zhao.
As a result, the BTC price lost over $1400 in minutes.
- According to a CNBC report, CZ – the CEO of Binance – is being sued by the CFTC for allegedly violating trading regulations.
- The court filing stipulates that the exchange has taken a “calculated approach to solicit US customers in violation of federal regulations.”
- CZ and his former compliance officer Samuel Lim have allegedly “actively cultivated lucrative and commercially important VIP customers, including institutional customers, located in the United States.”
- As a result, the price of BTC has plunged by more than $1400 before recovering slightly to where it trades at the time of this writing.
This story is developing.