The BNB price increased almost 3% in the last 24 hours after Bloomberg reported that Binance is moving towards a possible agreement that would end with the key compliance requirement of AA Agreement 2023 of the exchange with the United States Department of Justice.
BNB, which offers commercial rates with a discount on the exchange, recently quoted about $ 950 after not being able to boost it decisively in a demonstration that began after the report was published. The monitor designated by the court was appointed as part of the agreement of $ 4.3 billion binance on transmission violations against money.
The measure would follow a growing trend within the Department of Justice, which has already published at least three other companies, including an arm of the United Kingdom lender, Natwest Group and Shipbuilder Austin, of similar supervision after they agreed the requirements of improved reports.
If it ends, the agreement would probably require Binance to adopt more strict internal reporting systems. The Department of Justice has not made a final decision, according to Bloomberg, and the Department of the Treasury on Binance would remain in place for now, adds the report.
The BNB price increased to $ 963 in the current negotiation session, its highest level in months, before recovering. Commercial volumes also shot.
The increase allowed BNB to overcome the largest cryptographic market, which has been treading water before the Federal Reserve interest rate that is later due on Wednesday. The Coendesk 20 (CD20) index has increased 0.8% in the last 24 hours.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
