Binance has issued a formal response to a letter sent by Richard Blumenthal, pushing back against claims that the exchange failed to properly enforce sanctions restrictions. The senator’s inquiry, dated February 24, raised concerns about reports suggesting the platform may have allowed activity connected to sanctioned jurisdictions. Binance says those claims are inaccurate and based on misunderstandings of how its compliance systems actually work. In its response, the exchange stated that it voluntarily addressed the inquiry to clarify what it described as misleading allegations that have circulated in recent media coverage. The company also stressed that it takes accusations related
The post Binance Responds To Senator Blumenthal Over Sanctions Compliance Claims appeared first on The Merkle News.