Breaking: Binance CEO CZ rejects allegations of market manipulation

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Changpeng 'CZ' Zhao has denied allegations from the U.S. commodities regulator, including claims that Binance trades for profit and engages in market manipulation.

from the Commodities Futures and Trading Commission complaint, arguing the company"does not trade for profit or 'manipulate' the market under any circumstances."argued

"Personally, I have two accounts at Binance: one for Binance Card, one for my crypto holdings. I eat our own dog food and store my crypto on Binance.com. I also need to convert crypto from time to time to pay for my personal expenses or for the Card."“This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures.”

"I observe these policies myself strictly. I also never participated in Binance Launchpad, Earn, Margin, or Futures. I know the best use of my time is to build a solid platform that services our users," he add Regarding the compliance allegations, CZ says Binance.com has developed “best-in-class” technology to ensure compliance and currently has more than 750 people working to ensure their business operates within the bounds of anti-money laundering and know your client laws:

 

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Coinbase does it too, and since coinbase does it I know for a fact binance does it too.

In a blog post response, cz_binance called the allegations 'an incomplete recitation of facts' and stated that binance has developed 'best-in-class' technology to ensure compliance with AML and KYC laws.

The mafia is collecting. Pay up. Or tell everyone about the corruption.

Isnt usually the guilty who go around making accusations and assumptions that they are guilty of themselves?

I trust Binance. Keep it up cz_binance

blockchainspc is the best BlockchainSpace

Also Binance: 😂

Welcome to crypto WINTER ❄️🥶

US government is such a cry baby it's just binance vs US government manipulation and the latter lost.

Scampeng Zhao is a liar and a thief, he must be taken into custody and his affiliation with China fully vetted

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