Tag: Regulation
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Binance Founder Changpeng Zhao Receives Four-Month Prison Term
A federal judge in Seattle ordered Changpeng Zhao to serve four months in custody for Bank Secrecy Act breaches that occurred during his tenure as chief executive of Binance, the largest cryptocurrency exchange by trading volume. The sentence fell well short of the three year term prosecutors requested and exceeded the probation Zhao’s attorneys proposed.…
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