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Posts tagged as “The Justice Department’s”

Binance Pleads Guilty to Bank Secrecy Act Violations, Agrees to $4.3 Billion Penalty and CEO Resignation

Binance, the world's largest cryptocurrency exchange, has pleaded guilty to violating U.S. laws to prevent money laundering and sanctions violations, resulting in a $4.3 billion fine and the stepping down of CEO Changpeng Zhao. The Justice Department's investigation into Binance serves as a reminder that cryptocurrency exchanges must comply with U.S. laws and regulations, and the government is willing to take action against companies that fail to do so.