Cryptocurrencies
Crypto Giant Binance Weighs Registering With CFTC, Baucus Says
- ‘I think they’re moving in that direction,’ ex-senator says
- Regulator is said to probe whether U.S. traders using exchange
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Binance Holdings Ltd., the operator of the largest cryptocurrency exchange, is weighing whether to register with the U.S.’s futures regulator, according to Max Baucus, a former Senator and ambassador to China who the firm tapped as a policy adviser.
“I think they’re moving in that direction,” Baucus said in a Bloomberg Television interview Friday when asked whether the company plans to register as a broker with the Commodity Futures Trading Commission. “That’s a policy decision that we’re discussing, and it’s a business judgment.”