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⛓️ Crypto🟢 BullishImportance 7/10

CZ says CEXs have ‘zero motive’ to aid terrorists as court dismisses terrorism case

CoinTelegraph|Cointelegraph by Amin Haqshanas|
CZ says CEXs have ‘zero motive’ to aid terrorists as court dismisses terrorism case
Image via CoinTelegraph
🤖AI Summary

A US federal judge dismissed a lawsuit that accused Binance, Changpeng Zhao (CZ), and Binance.US of facilitating cryptocurrency transactions for terrorist groups. CZ defended centralized exchanges, stating they have 'zero motive' to aid terrorists.

Key Takeaways
  • US federal court dismissed terrorism-related lawsuit against Binance and CZ
  • The lawsuit alleged Binance helped terrorist groups move cryptocurrency funds
  • CZ stated that centralized exchanges have no incentive to facilitate terrorist activities
  • The dismissal represents a legal victory for Binance amid ongoing regulatory scrutiny
  • The case highlights ongoing concerns about crypto's potential use in illicit financing
Read Original →via CoinTelegraph
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