DOJ Probes Binance for Potential Violation of Russian Sanctions

The US Justice Department is reportedly investigating Binance Holdings to see if the crypto exchange violated sanctions against Russia. The investigation is looking into whether Binance or its employees violated sanctions imposed against Moscow for its military actions in Ukraine. Binance says it is fully compliant with all US and international sanctions and has implemented a zero-tolerance approach to double registrations, anonymous identities, and obscure sources of money. Binance has faced multiple allegations from US regulators and authorities in recent years, many of which were unsubstantiated.