Another prove that US🇺🇸 is against the money 💵 and that’s all what they are interested on?!

The US Department of Justice is proposing a proposal requiring Binance to pay a fine of up to $4 billion to end the investigation into this cryptocurrency exchange. Information from #Bloomberg said there are negotiations between #Binance and the US Department of Justice about this amount of money, in order to avoid further investigation.

Although Binance agreed to pay the fine, CEO Changpeng Zhao still faces criminal charges related to bank fraud, money laundering and financial sanctions violations. More interestingly, Mr. Zhao is living mainly in Dubai, which does not have an extradition treaty with the US, creating a complicated legal situation.

The official announcement from the US Department of Justice is expected to be announced at the end of November, but the content has not yet been completely revealed. This investigation, conducted by the Money Laundering and Asset Recovery Unit, the Homeland Security Division and the Seattle District Attorney's Office, is believed to have begun in 2020.

If Binance agrees to pay a $4 billion fine, this will be one of the largest fines in the history of the cryptocurrency industry. The US Department of Justice believes that this is an appropriate fine for Binance to continue operating, but the crypto community still raises many questions about the future of the exchange and the stability of the market.

With $BNB surging over 10% as this rumor spread, the community is facing one of the biggest challenges in Binance history. What do you think about the impact of this event on the cryptocurrency market and the future of Binance?

#BinanceInvestigation #CryptoRegulation #MarketImpact $BTC @CZ 4