Binance Probed By CFTC – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Binance Holdings Ltd. is being investigated by the Commodity Futures Trading Commission (CFTC) over concerns that United States citizens utilized trading services barred to them, according to a Bloomberg report.

“The CFTC is seeking to determine whether Binance, which isn’t registered with the agency, permitted U.S. residents to buy and sell derivatives that the regulator polices,” Bloomberg reported. “Binance, which has an office in Singapore but says it lacks a single corporate headquarters, hasn’t been accused of misconduct and the investigation may not lead to an enforcement action.”

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