Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoAug 2 (Reuters) - Binance users traded cryptocurrency-related assets worth $90 billion in a single month in China, where such trading has been illegal since 2021, the Wall Street Journal reported, citing internal figures, and current and former employees of the exchange. Binance's origins lie in China, though the world's largest crypto exchange withdrew from mainland China in 2017 during a regulatory crackdown. The exchange is also under investigation by the U.S. Justice Department over possible money-laundering and sanctions violations, Reuters had reported in December. Reporting by Juby Babu in Bengaluru; Editing by Nivedita Bhattacharjee and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Source: Wall Street Journal August 02, 2023 06:25 UTC