Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department::“Can barely buy an AK-47 with 600 bucks,” a Binance compliance staffer told his boss in 2019, per regulators.

  • swearengen@sopuli.xyz
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    1 year ago

    I traded on Binance back when they let anyone on. It was wild you could just deposit your crypto and go nuts. No docs needed and limits were very high before any type of verification kicked in so I’m not surprised it was abused.

      • Dr. Moose@lemmy.world
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        1 year ago

        Yeah I don’t get it how people are so keen on sacrificing their freedoms for boogeymen. Surely there are other ways to prevent money laundering without fucking up the whole user experience and literally locking out big chunk of population because their missing a minor KYC detail.