Binance CEO Changpeng Zhao has stepped down from his role, and his company has agreed to a $4.3 billion settlement for violating US anti-money laundering laws (“AML”) and sanctions obligations in what the US Justice Department called “one of the largest penalties we have ever obtained from a corporate defendant in a criminal matter.”
The terms of the settlement also impose a five-year monitorship, and require significant compliance undertakings, “including to ensure Binance’s complete exit ...
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