Binance to Settle Charges With U.S. DOJ, Source Says; WSJ Reports CEO to Step Down
The DOJ will hold a press release later today to announce the settlement....
- Crypto exchange Binance will settle a long-running investigation with the U.S. Department of Justice (DOJ).
- Binance's founder, Changpeng "CZ" Zhao, will step down as CEO and plead guilty to violating U.S. anti-money laundering requirements.
- Binance will pay a $4.3 billion fine.
- The DOJ will hold a press conference to announce "significant cryptocurrency enforcement actions" with top officials.
- The investigation involves allegations of Binance allowing people from sanctioned countries to operate on its exchange.
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What is the outcome of the long-running investigation between Binance and the U.S. Department of Justice?Who will step down from their role as CEO of Binance?What violation did Changpeng "CZ" Zhao plead guilty to?How much will Binance pay as a fine?What is the focus of the press conference announced by the DOJ?