• Reports emerged that Binance Global intends to end partnerships with U.S.-based firms and terminate listing tokens linked to U.S.- based projects as regulators cast the net deeper.
• Binance CEO Changpeng Zhao (CZ) refuted these claims, however, stating they were “false”.
• An undisclosed source noted that Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, Justice Department and Internal Revenue Service are on Binance’s radar and the company is looking for possible ways of ending ties with US-based firms.

Bloomberg Report Claims

Reports emerged that Binance Global intends to end partnerships with U.S.-based firms such as banks and terminate listing tokens linked to U.S.-based projects as regulators cast the net deeper.

CZ Refutes Claims

In a quick rejoinder to the news from Bloomberg, Binance CEO, Changpeng Zhao (CZ), has refuted the claims terming them as „false.“

Binance Regulated by US Authorities

An insider noted that Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, Justice Department, and the Internal Revenue Service are on Binance’s radar. The aggressiveness of the U.S. authorities will continue to claim more causality as the intensity increases while causing shake-up in Binance Holders of the largest crypto exchange contemplate repealing relationships with major financial partners in the U.S..

Terminating Ties With US Business Partners

The source said Binance Holdings has no authority to serve U.S. customers but will consider de-listing tokens from any US-based projects including Circle’s stablecoin USD Coin according to an unnamed individual associated with the company who noted that it is looking for possible ways of ending ties with US-based firms, especially banking and service entities such as delisting of tokens such as USD Coin stablecoin is on table“.

Continued Services By BinanceUS

On the other hand, BinanceUS – a smaller exchange – will continue its services in the U