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Weekly Roundup: Binance Halts US Dollar Payments, Wirecard CEO Called Compliance ‘Crap,’ and More

Binance.US began rejecting U.S. dollar transactions Thursday after banks called a halt to such payments in response to the Securities and Exchange Commission's lawsuit against the exchange, The New York Times reported. More German prosecutors alleged that Wirecard chief executive Markus Braun, who is on trial for orchestrating a massive accounting fraud that led to the collapse of the payments processer three years ago, told his general counsel that compliance was a "crap" and unnecessary part of doing business, the Financial Times reported. More Banks must respond to newly updated federal guidance by identifying and reducing their vulnerability to illicit...

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