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WASHINGTON (AP) — The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform. Zhao stepped down as the […]
The U.S. government dealt a massive blow to Binance, the world's largest cryptocurrency exchange, which agreed to pay a roughly US$4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform.
"Using new technology to break the law does not make you a disruptor, it makes you a criminal," said U.S. Attorney General Merrick Garland, who called the settlement one of the largest corporate penalties in the nation's history.
WASHINGTON (AP) — The U.S. government dealt a massive blow to Binance, the world's largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder
WASHINGTON -- The U.S. government dealt a blow to the world's largest cryptocurrency exchange Binance as its founder, Changpeng Zhao, pleaded guilty to a felony charge Tuesday related to his failure to prevent money laundering on his platform.