Binance’s CZ and the End of the ‘Borderless’ Crypto Company
We probably will never see another company quite like Binance. Crypto itself might be borderless, but crypto companies are not beyond the reach of US law.
Binary trading platforms with better performance and payouts
We probably will never see another company quite like Binance. Crypto itself might be borderless, but crypto companies are not beyond the reach of US law.
Crypto exchange Binance and its founder, Changpeng “CZ” Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator’s lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions on Tuesday.
The former Binance CEO will remain a shareholder and a consultant for the company.
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department’s money laundering and sanctions watchdogs, according to press releases shared Tuesday.
Binance’s ex-CEO Changpeng Zhao (Getty Images)
Richard Teng (Binance)
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