Binance Nears Deal to Escape Compliance Monitor Imposed by DOJ

Binance Nears Deal to Escape Compliance Monitor Imposed by DOJ

Binance Holdings Ltd., the world’s largest crypto exchange, is moving toward a potential deal with the US Justice Department that would allow it to drop a key oversight requirement in its $4.3 billion settlement of allegations that it didn’t do enough to prevent money laundering, according to people familiar with the matter.

Why Binance Might Not Need its DOJ Compliance Regulator Soon – #CryptoUpdatesGNIT

Rumors claim that Binance is nearing an agreement with the DOJ. This settlement would reportedly free Binance from requirements that it maintain a third-party compliance monitor. The compliance monitor is part of a 2023 settlement intended to last for three years. An early release from this restriction could be part of Trump’s war on crypto enforcement. Binance’s DOJ Compliance Regulator Sponsored Sponsored Binance, the world’s largest crypto ex…

Binance on Verge of DOJ Deal – BNB Rockets to Record Highs

Traders pushed the exchange’s token higher by more than 4% in a single day, driven by hopes that Washington’s three-year compliance watch may be lifted ahead of schedule. From courtroom deals to market rallies The monitoring regime was put in place back in 2023, when the Department of Justice struck a plea agreement with Binance and installed compliance specialist Frances McLeod to supervise the firm. Now, according to Bloomberg, the DOJ is weig…

BNB reaches all-time high above $950 as Binance closes in on DOJ deal

Key Takeaways BNB hit an all-time high above $950 as Binance approaches a DOJ oversight deal. Traders see reduced US regulatory scrutiny as bullish for the exchange and token. Share this article BNB reached a new all-time high above $950 today as Binance moves closer to finalizing a Department of Justice oversight agreement that could reduce regulatory pressure on the exchange. The token’s surge comes amid reports that Binance is nearing a deal…

Binance Nears Deal With DOJ to Remove Outside Monitor From $4.3B Settlement

Binance is in talks with the US Department of Justice to remove the independent monitor that was assigned after the company’s massive $4.3 billion settlement last year. The monitor’s job was to keep an eye on whether Binance was fixing the compliance issues that got it into trouble in the first place. These discussions are still underway, but the two sides appear to be moving closer to an agreement. Why the Monitor Was Put in Place The monitor w…

Binance and Justice Department in Talks to End Oversight Requirement

Binance and the U.S. Justice Department are reportedly in talks that could end an oversight requirement that was part of the cryptocurrency exchange’s 2023 settlement of charges it didn’t do enough to prevent money laundering. The requirement that the company maintain an outside compliance monitor was scheduled to last three years but could end sooner if the two parties strike a deal, Bloomberg reported Tuesday (Sept. 16), citing unnam…