CFTC Sues Binance and CEO for Violating Compliance Rules and Encouraging VPN Use.

The US Commodity Futures Trading Commission (CFTC) has accused Binance, the world's largest cryptocurrency exchange, of deliberately breaking its rules in trading derivatives, such as Bitcoin futures, and encouraging American residents to use virtual private networks (VPNs) to obfuscate their location so they could trade on the platform. The CFTC alleges that Binance made a bunch of noise about pretending it was only for customers outside the US, while encouraging American residents to use VPNs. Binance has been the target of multiple investigations before over its own token, insider trading, and money laundering.