Binance and CZ fined over R80 billion for failing to report terrorist transactions

[Hanno Labuschagne]

Binance and CZ fined over R80 billion for failing to report terrorist transactions

Binance Holdings Ltd. and its chief executive officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating.

Binance will pay $4.3 billion (R80.01 billion) in one of the largest corporate agreements in US history.

[Bloomberg]

 

[Mannydefreitas]

So, someone finally made money out of them...?

 

[DapperDanMan]

They failed to report the US Government to the US Government?!?!?!

 

[RonSwanson]

In gold we trust.

 

[gustavo07]

Bullish. ETF approval any second now

 

[Randux]

I'm glad this bs is settled now we can move forward.