Binance Considers Pulling Back From US Partners as Crypto Crackdown Escalates
- Small crypto exchange Binance.US has no plans to exit country
- Binance faces probes from US financial regulators and more
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Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.
The company, which operates the world’s largest crypto exchange, is weighing the retreat after its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, according to a person familiar with the issue. Binance has been probed by the Securities and Exchange Commission, Commodity Futures Trading Commission, Justice Department and the Internal Revenue Service.