We can all agree that blatantly flouting the laws of a country is not acceptable. In situations where this is alleged, the CFTC doesn’t waste its time on jabs – it goes straight for the knockout. In this case the Commodity Futures Trading Commission in the US has gone after Binance and its CEO Changpeng Zhao, with a civil complaint that alleges a good slice of the Binance trading volume has originated from US-based traders. CFTC is also arguing that this was not just US clients opening accounts with Binance on their own initiative, but that Binance was actively involved in soliciting for business in the US. In the ... (full story)