Binance Exchange Responds Directly to Criticism by Taiwanese Legislators

Regarding the previous report on Zombit, Legislator Wang Hongwei questioned Deputy Minister of Justice Xu Sixiang at the Finance Committee, stating that Binance has been named by local regulatory agencies in countries such as the United States, Canada, and India for violating anti-money laundering regulations. International penalties continue to be imposed, but the Taiwanese Ministry of Justice has chosen to cooperate with Binance, which has committed money laundering offenses, to teach Taiwanese law enforcement agencies how to prevent money laundering. Wang Hongwei criticized this behavior as helping the exchange launder money.