Brazilian Police ‘Probe Binance over Derivatives Offerings’
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Loading... - Omar Oscar
- 27 Apr 2023
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Binance could face punishment in Brazil for allegedly failing to respond to an order to stop selling crypto derivatives.
O Globo reported that the Federal Public Prosecutor’s Office and the Federal Police have launched an investigation into the exchange over “alleged financial crimes.”
The media outlet stated that the probe had been launched after a tip-off from the markets regulator, the Securities and Exchange Commission (CVM).
The CVM reportedly told the Attorney General of the State of São Paulo that the exchange may have continued to offer cryptocurrency derivatives to Brazilian customers even after the state had issued it with a “stop order.”
The media outlet quoted Binance as stating that it “does not comment on ongoing investigations.”
But the exchange also “reiterated that it does not offer derivatives in Brazil. Read More..
