Why Binance Is Suing the Wall Street Journal | CoinDesk Daily

0:00Hey everyone, you're watching Coindesk Faley. I'm your host, Jen Sonassi. Discover Nexo, the premier digital wealth platform now in the U.S. Get started today at nexo.com slash Coindesk. Binance, the world's largest crypto exchange, is suing the Wall Street journal after the newspaper reported that the U.S. Department of Justice is investigating transactions involving Iran. The situation adds pressure on Binance, which is already operating under compliance monitor following its $4.3 billion anti-money laundering and sanctioned settlement in 2023. In a complaint filed in the U.S. District Court for the Southern District of New York, Binance said the newspaper published, quote, false and defamatory statements about its compliance practices and detangling of Iranian linked transactions in an article published on February 23rd. The journal reported that DOJ officials contacted individuals with knowledge of the transactions as the gathered evidence tied to cryptocurrencies that move to the platform, citing people familiar with the matter. Meanwhile, Binance, PayPal and Ripple are

1:04joining MasterCard's latest push into blockchain payments. MasterCard has launched a new crypto partner program with more than 85 companies aiming to connect blockchain technology with its global payments infrastructure. The initiative focuses on practical use cases such as cross-border transfers, business to business payments, and global payouts linking on-chain tools with existing payment rails. The program builds on MasterCard's earlier crypto efforts and mirror similar moves by rivals like Visa as traditional payment networks look to integrate digital assets while navigating regulatory and operational challenges. And finally, February CPI rose 0.3 percent for the month and 2.4 percent year over year in line with market forecasts and reinforcing expectations that the federal reserve is unlikely to cut rates in the near term. That's a wrap for CoinDesk Daily. Get more updates on CoinDesk.com and we'll see you next time. Introducing Nexo, the premier digital wealth platform, earned interest, borrow, and exchange crypto all in one platform. Now in the US, with 30 days of exclusive benefits, start today at nexo.com slash

2:09CoinDesk.