Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to … Read more
Google pulled many crypto exchanges, including Binance and Kraken, from its Play Store in India on Saturday in what is the latest blow to the world’s second largest internet market’s already dwindling web3 dream. The ban comes two weeks after these global crypto exchanges were flagged for operating “illegally” in the South Asian market. Financial … Read more
Apps of as many as eight crypto exchanges including Binance, Kraken, Mexc and Kucoin have disappeared from Apple’s App Store in India, less than two weeks after the global firms were flagged for operating “illegally” in the country. Financial Intelligence Unit, an Indian government agency which scrutinizes financial transactions, late last month issued show cause … Read more
Financial Intelligence Unit, an Indian government agency which scrutinizes financial transactions, said Thursday nine global crypto exchanges — including Binance, Kraken, Kucoin and Mexc — are operating “illegally” in the country without complying with the local anti-money laundering act and asked the IT Ministry to block their websites. FIU said it has issued show cause … Read more
One attraction of Binance, as the company grew from its 2017 founding into the biggest cryptocurrency exchange in the world, was the firm’s freewheeling flouting of rules. As it amassed well over 100 million crypto-trading users globally, it openly told the United States government that, as an offshore operation, it didn’t have to comply with … Read more
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters Binance founder Changpeng Zhao, who pleaded guilty last week to criminal charges tied to his cryptocurrency exchange, has to remain in the U.S. at … Read more
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the … Read more
Binance founder and CEO Changpeng Zhao pleads guilty to felony charges Tuesday related to his failure to prevent money laundering on the crypto exchange platform. King 5 News Seattle After pleading guilty to federal criminal charges and stepping down from his post as Binance CEO, Changpeng Zhao on Tuesday named Richard Teng as the new … Read more
Binance and its chief executive, Changpeng Zhao, pleaded guilty to criminal charges for anti-money laundering and violations of US sanctions under a sweeping deal with the US Department of Justice. The deal, which will allow the company to continue to operate, will also see Zhao step down as CEO. Binance will pay a $4.3 billion … Read more
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Binance owner and CEO Changpeng “CZ” Zhao has agreed to step down and plead guilty to breaking anti-money laundering laws, according to reports from The Wall Street Journal and Forbes. This comes as part of the major settlement the Department of Justice is expected to announce this afternoon, which will reportedly require Binance to fork … Read more