Binance Seeks Support from Prime Brokers in Managing US Investor Presence
Tuesday, 19 March 2024, 03:43
Binance Collaborates with Prime Brokers
Binance has sought assistance from prime brokers to tighten client screening processes and prevent the presence of U.S. investors on its platform.
Strict Monitoring for Compliance
Binance requested prime brokers to apply stricter screening measures and maintain compliance with regulatory standards.
The collaboration aims to improve adherence to legal requirements and avoid potential penalties.
- Enhanced client verification procedures
- Legal compliance strategies
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