"Binance's $4.3B Plea Deal Approved by Judge Amid Tightened Restrictions on Founder"
TL;DR
A federal judge has approved Binance's $4.3 billion plea deal with the U.S. Department of Justice, settling allegations of violating sanctions and anti-money-laundering laws. The deal includes a fine, appointment of an independent compliance monitor, and the resignation of Binance's CEO at the time, Changpeng Zhao. Binance has stated that it has improved its compliance efforts and looks to set the industry standard for compliance, security, and transparency.
Topics:businesscryptocurrency-regulation#binance#compliance#crypto-exchange#cryptocurrency-regulation#plea-deal#us-department-of-justice
- Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors CoinDesk
- Prosecutors want Binance's CZ kept on tighter leash ahead of sentencing CNBC
- Judge approves Binance $4.3 billion guilty plea as US seeks to modify founder Zhao's bond Reuters
- Judge Approves Binance's $4.3 Billion Settlement For Anti-Money Laundering, Sanctions Violations Forbes
- Prosecutors request Changpeng Zhao surrender all passports ahead of sentencing Cointelegraph
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