Binance faces regulatory scrutiny and financial disclosure concerns.
Binance, the world's largest cryptocurrency exchange, is facing legal and regulatory probes over potential breaches of anti-money-laundering rules and questions about whether it properly registered some crypto derivatives. While some experts have expressed concerns about the transparency of Binance, others believe the exchange is sufficiently capitalized and will weather the regulatory crackdown and market turmoil. Binance is boosting its compliance infrastructure by investing in related technology and human resources, according to the company's spokesperson.