US review could delay or block Binance deal for Voyager Digital - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing.

Smartphone with displayed Binance logo and representation of cryptocurrencies placed on a keyboard in this illustration taken November 8, 2022.Smartphone with displayed Binance logo and representation of cryptocurrencies placed on a keyboard in this illustration taken November 8, 2022.

But the US Committee on Foreign Investment in the United States , an interagency body that vets foreign investments into US companies for national security risks, said Friday that its review “could affect the ability of the parties to complete the transactions, the timing of completion, or relevant terms.”CFIUS has increasingly been used by Washington as a tool to stymie Chinese investment in the United States.

CFIUS did not mention any specific security concerns raised by the Voyager acquisition in its court filing, but it said that bankruptcy courts have sometimes ruled that national security concerns can prevent a company from bidding on assets in bankruptcy.

 

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