The post Binance Vs. CFTC: Binance Faces Uncertainty As CFTC Confirms ‘No Immediate Path Forward’ appeared first on Coinpedia Fintech News
Binance, the world’s largest cryptocurrency exchange, has been facing regulatory challenges in recent months. The Commodity Futures Trading Commission (CFTC) has been investigating Binance over concerns that it may have been operating an illegal derivatives exchange. As the investigation continues, the CFTC has revealed that there is currently no “immediate path forward” for Binance to resolve these concerns.
CFTC Is Looking For A Legal Battle With Binance
In March 2023, Binance was accused by the Commodities Futures Trading Commission (CFTC) of “willful evasion” of the law and operating an illegal digital asset derivatives exchange. CFTC Commissioner Kristin N. Johnson recently discussed the ongoing case in an interview.
In her interview, Johnson emphasized that ongoing litigation issues are typically kept confidential to protect the
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