Managers at Binance reportedly sat down in March with officials of the Treasury Department To discuss the possibility of relaxing the regulatory control of the US government of the world’s greatest crypto exchange.
With reference to people who are familiar with the case, the Wall Street Journal reports that Binance wants the Ministry of Finance to remove one of the two monitors who supervise the exchange.
The US government keeps a close eye on Binance after he has guilty that he is involved in anti-money laundering practices (AML), without a permit on shipping and sanctions of sanctions.
The Ministry of Finance has appointed a monitor to ensure that Binance meets anti-money laundering laws, but a spokesperson for the stock market says that monitors have led to “inefficient and expensive burdens”.
The report says that during the meeting last month Binance Chief Executive Richard Teng and Chief Legal Officer Eleanor Hughes Treasury officials asked to remove the monitoring or to reduce its duration and scope.
Binance managers would be optimistic that the Trump administration will make the request green.
According to WSJ, the meeting took place after Binance and representatives of the Trump-Familie-Stundled Crypto Venture World Liberty Financial Discussions have held to mention the Dollar-Pegged Stablecoin, USD1, on the Crypto-trade platform.
A spokesperson for World Liberty Financial says that the company strives for USD1 to be ‘accessible to millions worldwide’.
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