{"id":21765,"date":"2023-06-22T17:22:39","date_gmt":"2023-06-22T17:22:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-brazil-is-being-investigated-for-suspected-pyramid-schemes\/"},"modified":"2023-06-22T17:22:39","modified_gmt":"2023-06-22T17:22:39","slug":"binance-brazil-is-being-investigated-for-suspected-pyramid-schemes","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-brazil-is-being-investigated-for-suspected-pyramid-schemes\/","title":{"rendered":"Binance Brazil is being investigated for suspected pyramid schemes"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687449034968-0757f75a-7301-4de5-9bb2-d302da7e98ed-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687449034968-0757f75a-7301-4de5-9bb2-d302da7e98ed-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687449034968-0757f75a-7301-4de5-9bb2-d302da7e98ed-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687449034968-0757f75a-7301-4de5-9bb2-d302da7e98ed-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Binance has been under fire from regulators in the United States, Australia, the Netherlands, and now Brazil.<\/li>\n<li>Binance.US and its legal team have, however, alleged that the SEC issued misleading statements in the lawsuit.<\/li>\n<li>Besides pyramid schemes, Binance is also being investigated for helping customers get around a restriction on crypto derivatives investments in Brazil.<\/li>\n<\/ul>\n<p>On June 21, Brazilian Deputy Alfredo Gaspar called for Guilherme Haddad, the head of Binance Brazil, to appear before the legislative arm of the Brazilian government as part of an investigation into possible pyramid schemes in the country.<\/p>\n<p>The Parliamentary Commission of Inquiry (CPI) is expected to decide whether to allow or deny Gaspar\u2019s request of having Haddad appear before Parliament, on June 27. Depending on the results of the vote, Haddad might be required to appear before the Brazilian Chamber of Deputies.<\/p>\n<p>Gaspar\u2019s request to parliament read:<\/p>\n<p><em>\u201cWe can deduce that Binance is entirely imbricated with the motivation of this CPI and it becomes fundamental to understand its performance in the country, its relationship with B Fintech (its official representative), as well as its connection with companies that are judicially liable for harming Brazilian consumers.\u201d<\/em><\/p>\n<h2>International regulatory pressure mounts on Binance<\/h2>\n<p>Brazil is calling for investigations into <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance <\/a>as the biggest cryptocurrency exchange in the world battles increasing international regulatory pressure. Regulators in the United States, Australia, the <a href=\"https:\/\/coinjournal.net\/news\/crypto-exchange-binance-announces-exit-from-the-dutch-market\/\">Netherlands<\/a>, and now Brazil have all unleashed their wrath on Binance.<\/p>\n<p>According to Gaspar, Binance assisted Brazilian pyramid schemes by transferring assets on March 11, 2023, when \u201cthe So Paulo Justice blocked R$ 500 thousand reais in Binance for a suspected pyramid.\u201d He emphasized the significance of comprehending Binance\u2019s activities, its connection to B Fintech, and any potential ties to businesses currently involved in legal disputes that harm consumers in Brazil.<\/p>\n<p>Brazilian regulatory authorities claimed that Binance is under intense regulatory scrutiny worldwide as a result of \u201cthe company\u2019s failure to respond to the regulation imposed by each country,\u201d which is why they are proposing the summons.<\/p>\n<p>The Federal Prosecutor\u2019s Office and Federal Police are also looking into Binance\u2019s operations in Brazil for possibly helping customers get around a restriction on cryptocurrency derivatives investments.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-brazil-is-being-investigated-for-suspected-pyramid-schemes\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance has been under fire from regulators in the United States, Australia, the Netherlands, and now Brazil. Binance.US and its legal team have, however, alleged that the SEC issued misleading statements in the lawsuit. Besides pyramid schemes, Binance is also being investigated for [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":21766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21765"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21765"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21766"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}