BREAKING: US Department of Justice considering sanctions against Binance! Bitcoin is falling!

The Binance exchange has once again come under fire for comments from US regulators.

• This time, the US Department of Justice (DoJ) has indicated that it is considering sanctions against the exchange for fraud. 

• US prosecutors have expressed concerns that such a move could trigger a run on Binance withdrawals. 

• The amount of bitcoin stored on centralised exchanges has been declining for some time - the apparent trend of storing it on private so-called 'cold wallets'. 

Bitcoin and Binancecoin reacted violently to the announcement by the US Department of Justice, however, a rebound movement was initiated very quickly. Source: xStation 5

Source: xStation 5