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Transcripts For BBCNEWS World 20240705

asset trading platform in the united states coinbase. this comes after they announced they would be suing they announced they would be suing the largest crypto exchange biance, accusing it of engaging in a web of deception by operating an illegal digital asset exchange and sending billions of dollars of customer deposits to a separate trading firm owned by its chief executive. biance said the accusations were misguided and they would defend themselves vigorously. we can speak to our reporter in new york. it feels like you said this, we did this, and they will defend themselves, but it shows how difficult it is to regulate something when technology is moving at such a pace. it is something when technology is moving at such a pace- at such a pace. it is important to take a step at such a pace. it is important to take a step back at such a pace. it is important to take a step back and at such a pace. it is important to take a step back and to - at such a pace. it is imp

US DOJ claims Binance churned $1 6 billion worth of profits via illegal transactions

Transcripts for BBCNEWS World Business Report 20240604 13:33:00

accusations are similar against binance, operating without redrow registering as an exchange or stop they also said they were artificially inflating trading volumes and failing to restrict customers from using their global platform and misleading investors about its market surveillance. goad about its market surveillance. good stuff. about its market surveillance. good stuff- thanks about its market surveillance. good stuff. thanks for about its market surveillance. good stuff. thanks for explaining that. we can talk more about this with the professor of finance at the university of sussex. thanks for joining us. if you look at the details, the sec accusing binance of engaging in a web of deception, is that how you see it? it is engaging in a web of deception, is that how you see it? that how you see it? it is difficult to uncover that how you see it? it is difficult to uncover everything that how you see it? it is difficult to uncover everything they - that how you see it?

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