Binance Strengthens Consumer Reviews

Binance is introducing even stricter consumer background checks in an effort to prevent money laundering. Regulators have warned the exchange in the UK, Germany, Japan, and others that its platform could become a hub for money laundering. As a result, Binance is scaling back its offerings in an effort to improve relations with global regulators. Registered in the Cayman Islands, Binance has also drawn criticism from U.S. Treasury Secretary Janey Yellen and European Central Bank President Christine Lagarde.