![]() Its head of legal, Krishna Juvvadi, told Reuters in April that employees of Binance.US’s operator, BAM Trading, had “exclusive control” since its founding in 2019. business’s finances extended across its bank accounts at Silvergate and detail how this secret access was granted.īinance.US has denied that Binance ever operated its bank accounts. The previously unreported bank records and messages show that Binance’s management over the U.S. The new findings offer further detail into how Binance exercised tight control over Binance.US, despite both firms maintaining that they have always operated independently. US, had to ask Chen’s team to process payments, even to cover the firm’s payroll, company messages show. This allowed Chen and her deputies to move funds held in the bank accounts. lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of Binance CEO Changpeng Zhao, to operate the accounts in 20, according to records from those years. affiliate, including an account that held American customers’ funds, bank records show. "I hope the law will go in the right direction and say that we must be responsible in the use of pesticides," he added.A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. Responsible use of pesticides helped provide food security for the country and its citizens, it argues.īut Benoit Fontaine, of the National Museum of Natural History, one of the co-authors of the study showing the decline in biodiversity said: "Pesticides are molecules made to kill." The government's position has been backed by industry lobby group Phyteis, which says that EU regulations are "some of the strictest in the world" and that there are many factors to explain the decline in insect and bird populations. It denied that two previous national roadmaps for reducing pesticide use since 2007, contained in plans known as Ecophyto 1 and 2, were legally binding. The French state, represented by the agriculture ministry, said in its written deposition to the court that the European Union was responsable for regulating pesticides and that EU law "takes defending the environment into account." ![]() The case has been dubbed "Justice for the Living" by the complainants, the NGOs Pollinis, Notre Affaire a tous, the National Association for the Protection of Water and Rivers, Biodiversite sous nos pieds, and ASPAS. ![]() "As the main cause of this collapse, pesticides are authorised today after an incomplete evaluation procedure which does not enable the products responsible for the decline in insects, birds and the rest of our biodiversity to be identified or banned," the complaint says. ![]() They cite figures showing that insect populations have fallen by 75 percent and wild birds by 30 percent in France over the last 30 years. In its complaint, the five French groups say the state has failed "with the implementation of procedures to evaluate the risks and authorisations for the commercialisation of pesticides" which have been used in an "excessive" way by the farming sector. Similar action against the French state for failing to prevent air pollution or respect its own climate change targets have been successful in recent years, with environmental groups turning to legal activism across Europe to hold governments to account. The conclusions of the rapporteur are often - but not always - followed by the judges, and it will now be some two weeks before their final ruling. The rapporteur suggested ordering the government "to put an end to all the shortcomings that we have identified and take all useful measures to repair the resulting ecological damage". In a first court hearing at the Paris administrative court, the NGOs received an initial boost, with the public rapporteur suggesting judges confirm several faults on the part of the state, The five organisations allege the French state is indirectly responsible for the sharp decline in insect, bird and other animal populations which an increasing body of scientific research shows is linked to pesticide use and intensive farming.
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