Crypto exchanges have 'zero motive' to aid terrorists, Binance CEO says
A US federal judge dismissed a lawsuit accusing Binance, its CEO Changpeng Zhao, and the company's US division Binance.US of helping terrorist groups move cryptocurrency funds. According to the Binance CEO, crypto exchanges have no incentive for such cooperation, as they are directly interested in complying with the law and countering the financing of terrorism.
Such legal proceedings negatively affect the reputation of the crypto industry and its interaction with regulators. Leading market players like Binance actively cooperate with law enforcement agencies in combating the legalization of criminal proceeds and the financing of terrorism. They understand that the trust of users and regulators is the key to the development of the entire industry.
Experts believe that such precedents will contribute to increasing the transparency and law-abidingness of crypto companies. Business is interested in close cooperation with the authorities in order to secure its activities and avoid unnecessary litigation.