Binance, the world’s largest cryptocurrency exchange, is facing a fraud charge from the US Department of Justice (DOJ). The DOJ’s investigation is looking into whether the exchange allowed US residents to trade on the platform in violation of securities laws. According to sources, Binance has not been accused of wrongdoing and is cooperating with the investigation. The news comes as regulators around the world are increasing their scrutiny of the cryptocurrency industry, particularly with regard to money laundering and fraud. Binance has recently faced regulatory challenges in other jurisdictions as well, including the UK and Japan.
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