Is Binance Weak on Money Laundering?

Crypto exchange Binance has been operating in secrecy, preventing government regulators from knowing what they need to know to effectively regulate exchanges like Binance. One can understand why. If they declared a headquarters in any country, they’d essentially be giving that country legal authority to regulate their industry. As a result, Binance’s money-laundering practices are weak. So says the authorities that can’t regulate them.

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First published at Cryptocracy. Not financial advice.