DOJ and IRS Investigates Binance over Tax and Money Laundering Matters
May 14 2021 · 08:03 UTC by Ibukun Ogundare · 3 min read
Photo: Depositphotos
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After Bloomberg reported that the DOJ and IRS were investigating Binance, the value of major cryptocurrencies fell across all exchanges.
The world’s largest crypto exchange Binance is reportedly subject to investigation by the US Department of Justice (DOJ) and the Internal Revenue Service (IRS). Bloomberg reported the matter on the 13th of May. According to the report, the DOJ and the IRS are probing Binance on money-laundering allegations.
Binance Faces Investigation by DOJ and IRS