Exchanges should be held responsible when sanctioned users keep trading after a compliance settlement

Whether an exchange should bear responsibility for continued sanctions evasion after it has agreed to improve its compliance controls.

Overview Debates Related claims Topics Sources

Binance.US lost significant U.S. market share and suffered banking disruptions after international exchange Binance reached a multibillion-dollar settlement with U.S. regulators over financial law violations in 2023

Binance.US CEO Stephen Gregory, who was appointed in March 2026, has been working to restore U.S. trading activity and expand product offerings following years of regulatory challenges tied to Binance's 2023 settlement with U.S. authorities

World Liberty Financial, a crypto venture co-founded by Donald Trump, was informed of the Binance.US $100 million fundraising round but is not participating in it

Binance.US is working to restore state money transmitter licenses across the United States to expand its customer reach

Binance.US is seeking to raise up to $100 million in a private funding round that would value the cryptocurrency exchange at approximately $1 billion, according to reports in October 2026

Binance.US experienced reduced access to dollar payment services as a result of regulatory pressure following 2023 actions against global exchange Binance

Binance.US CEO Stephen Gregory outlined plans in July 2026 to pursue a Commodity Futures Trading Commission license allowing Binance.US to offer event contracts, prediction markets, and derivatives

The proposed $100 million private fundraising round size, valuation, and investor participation for Binance.US remain under discussion and could change

The proposed $1 billion valuation for Binance.US represents a sharp decline from its 2022 funding round, when the exchange raised over $200 million at a pre-money valuation of $4.5 billion

Zhimin Qian acquired her cryptocurrency holdings using fraud proceeds through Huobi trading accounts, over-the-counter transactions in China, and cryptocurrency mining.

Zhimin Qian purchased more than 100,000 bitcoin through a controlled exchange account before fleeing China in July 2017.

The U.S. Treasury Department imposed sanctions on the A7 Network on October 1, 2026, alleging its payment infrastructure facilitated transactions for sanctioned Russian and Iranian entities.

U.S. FinCEN reported that entities operating as A7 Sub-Agents processed over $17 billion in transactions between January 2025 and June 2026.

Financial Privacy Inc. holds OffMarket's master viewing key in a secure enclave under a multisignature arrangement with StarkWare, screening deposits against sanctions and reviewing legal requests for transaction data.

ASIC's custody rules proposed in Consultation Paper 392 require digital asset platforms to retain wallet structures and address records for seven years and report them quarterly to ASIC without disclosing private keys

ASIC's trading rules proposed in Consultation Paper 392 require digital asset platforms to maintain controls to detect and prevent market manipulation and take reasonable steps to ensure best execution for customer orders

ASIC's regulatory framework proposed in Consultation Paper 392 permits Australian platforms to use overseas custodians provided they disclose asset locations and cross-border risks to customers

Australia's new licensing regime under the Corporations Amendment (Digital Assets Framework) Act for digital asset platforms takes effect on April 8, 2027, with licence applications scheduled to open on the same day

Under one model proposed by ASIC in Consultation Paper 392 on October 15, 2026, platforms without qualifying third-party custody must hold at least A$14 million in net tangible assets or 10% of average revenue

Under capital rules proposed in ASIC's Consultation Paper 392, digital asset platforms meeting specified third-party custody conditions could qualify for a lower base capital requirement of A$200,000 alongside asset or revenue calculations