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World’s Biggest Crypto Exchange Has Made It Harder to Fight Crime, Police Say - European Law Enforcement Say Binance Is Protecting Money Laundering (www.nytimes.com)
submitted 2 months ago* (last edited 2 months ago) by to c/technology@lemmy.world
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[–] 15 points 2 months ago (3 children)

Why does Binance get to enjoy all the legal benefits of being a corporation, and all the benefits of trading cryptocurrency, and none of the downsides of either?

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  • [–] [S] 16 points 2 months ago* (last edited 2 months ago) (1 child)

    They were prosecuted for money laundering.

    https://www.bbc.com/news/technology-68930465

    The problem is that the legal punishment was too mild. The CEO spent 4 months in a luxury prison for white collar criminals. Basically a social club for the rich.

    So now he is doing the same thing all over again.

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