Wednesday, 22 November, 2023

Binance Set to Pay $4.3 Billion in Fines, CEO CZ to Step Down and Plead Guilty to Anti-Money Laundering Charges

In a significant development, cryptocurrency exchange Binance is slated to pay a hefty $4.3 billion in fines. It outlines the details of the anti-money laundering charges, revealing that Binance CEO CZ will step down and plead guilty in connection to the regulatory actions. This news marks a substantial event in the crypto industry, signaling increased scrutiny and regulatory measures impacting major players in the digital asset space.