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Binance Case Sparks Debate on Crypto Regulation: Double Standards?

Summary by Ground News
Omid Malekan, an author and adjunct professor at Columbia Business School, has raised significant points of contention regarding how the crypto industry is being treated compared to traditional finance. He argued that while companies in the traditional finance sector also process large sums of illicit funds, they are often given a pass as long as they adhere to Anti-Money Laundering (AML) regulations and complete necessary paperwork. This disparity is evident in the recent case involving Binance.
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Financial World broke the news in on Sunday, November 26, 2023.
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