Binance Crackdown Unleashes Unprecedented Scrutiny on Crypto Transactions The recent crackdown on
Binance by the US Department of Justice (DOJ) has triggered a seismic shift in how the crypto industry operates, with Binance now set to undergo what experts call an “unprecedented” level of scrutiny.
The government scrutiny, which
Binance has agreed to in its settlement deal with the US government, will transform the exchange from “a haven for anarchic crypto commerce” to a meticulously monitored entity, Wired wrote in a report from earlier this month.
The settlement, considered one of the most substantial money-laundering settlements in the history of the
US Justice Department, imposed a record-breaking
$4.3 billion fine on the company.
