Brazilian Deputy Alfredo Gaspar has called for Guilherme Haddad, the head of Binance Brazil, to testify before parliament in a probe into suspected pyramid schemes in the nation. The Parliamentary Commission of Inquiry (CPI) is set to decide on Gaspar’s June 21 request on June 27.

Haddad may be obliged to answer questions before the Brazilian Chamber of Deputies, contingent on the vote’s outcome, according to Brazilian publication Porto do Bitcoin. The request read:

“We can deduce that Binance is entirely imbricated with the motivation of this CPI and it becomes fundamental to understand its performance in the country, its relationship with B Fintech (its official representative), as well as its connection with companies that are judicially liable for harming Brazilian consumers.”

This comes as Binance, the world’s largest cryptocurrency exchange, grapples with mounting international regulatory pressure. Scrutiny has come from various corners including the United States, Australia, the Netherlands and, now, Brazil.

Gaspar has further alleged that Binance played a role in aiding pyramid schemes in Brazil with asset transfers, as “on March 11, 2023, the São Paulo Justice blocked R$ 500 thousand reais in Binance for a suspected pyramid.” He emphasized the necessity of understanding Binance’s dealings, its relationship with B Fintech and any potential affiliations with companies currently facing legal issues for consumer harm in Brazil:

“there is also the possible partnership with Brazilian com

Go to Source to See Full Article
Author: Emily Tonelli

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details