Binance Executive officials met with US government officials to discuss elimination of organizational supervision: Report
According to Binance Executive officials, with Treasury officials in March To discuss the possibility of relaxing the organizational audit of the United States government for the largest encryption exchange in the world.
Quoted people with knowledge of this issue, The Wall Street Journal Reports This Binance wants the Treasury to remove one of the two screens that oversee the exchange.
The United States government is closely monitoring accurately after it has admitted that it is guilty of engaging in money laundering (AML), which are violations of transferring unlicensed money and sanctions.
The Treasury has appointed monitoring to ensure that Bennes correspond to the anti -money laundering laws, but a spokesman for the stock exchange says that the observers led to “ineffective and expensive burdens.”
The report says that during the last month meeting, Binance CEO Richard Ting and chief legal officials Eleanor Hughes from Treasury officials removed the screen removal, or reduced the duration and scope of it.
Binance CEOs are said to be optimistic that the Trump administration will highlight the demand.
According to WSJ, the meeting was held after Binance and representatives of Crypto Crypto Venture World Financials held discussions supported by Trump Devinal Venture Liberty Financial to include Stablecoin in dollars, USD1, on the encryption trading platform.
A World Liberty Financial spokesman says that the company aims to be “$ 1” for millions worldwide.
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