Binance's response to U.S. Senators lacks financial information: Report
Binance has answered a letter from United States Senators from early March requesting information about the crypto exchange operations in the country, including its balance sheet.
According to a report on March 18, Binance's response did not include the financial data requested. Bloomberg learned from an anonymous source that despite being omitted from the letter, the exchange sent the information to U.S.
regulators. In the 14-page document, Binance chief strategy officer Patrick Hillman dives into the exchange's compliance history, recognizing previous mistakes and claiming the firm has built solid Know Your Customer and Anti-Money Laundering policies in the past years.
The response, however, failed to address the senator's concerns about Binance's lack of transparency. Hillman noted in the letter: On March 2, three U.S.
Read more on cointelegraph.com
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