Reuters Is Being Accused of Being Biased on Binance Case -Breaking
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© Reuters. Reuters BeAccused Of Being Biased in Binance Case- The SEC has begun an investigation into Binance’s possible violation of US securities laws.
- Zhao expressed his anger over the Twitter news (NYSE:).
- This isn’t the first time Binance has been accused of flouting laws.
The original Reuters story published on Thursday cited two sources “familiar with the matter” who said that the SEC is investigating Binance for potentially violating US securities laws.
Changpeng Zhao is the Binance CEO. He retorted at Reuters by tweeting that he had allegedly ignored Binance’s side during an investigation of the SEC into possible violations of securities trading legislation.
Zhao took to Twitter to express his frustration over the news by Reuters’ reporting, which he said was one-sided. In a thread, he said that Reuters has not reached out to Binance for comment despite the story being “about us.”
First they FUD us with an old article, then when we respond, they don’t bother to update the story with our comment.
He was a writer
Real journalism becomes increasingly difficult to believe.
FUD stands for fear, uncertainty, and doubt – a term often used in the crypto industry to describe negative or misleading reports that aim to create panic.
Binance is being accused again of not complying with regulations. Zhao previously denied any wrongdoing by Binance and promised that the exchange would “cooperate with any regulatory bodies, if and when required.”
Binance was among several exchanges to be subpoenaed by the US Commodity Futures Trading Commission in 2019 for alleged wash trading.
Zhao stated in a blog post that cryptocurrency needs to be properly regulated before it can become widely used. French DASS/AML/CFT regulations have high standards for anti-money laundering.
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