Binance's CZ: I Eat Our Own Dog Food & Store Crypto on Binance
On March 27, Binance and its CEO were sued by the U.S. CFTC for regulatory violations. Specifically, they are under the radar for allegedly breaking trading and derivatives rules. In fact, the lawsuit also alleges that Binance traded on its own platform with 300 accounts directly or indirectly associated with CEO Changpeng Zhao. Via a blog post, the Binance executive labeled the civil complaint to be “unexpected and disappointing.” He went on to assert that the exchange has been “working cooperatively” with the regulatory agency for over two years. CZ further wrote, “Upon an initial review, the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint.” CZ ’s Response to the CFTC Complainthttps://t.co/iIoDR70IT9 — Binance (@binance) March 27, 2023 With respect to technology for compliance in the U.S., CZ said that the exchange remains to have one of the “highest standa...