Changpeng Zhao Will Step Down As Binance CEO, Admit to Violating Anti-Money Laundering Laws: Report

Binance founder Changpeng Zhao will reportedly step down as the crypto exchange’s CEO and admit to violating US anti-money laundering laws. Zhao will plead guilty to criminal charges while Binance, the largest crypto exchange in the world, will agree to pay $4.3 billion in fines to US regulators, the Wall Street Journal reports. Citing people...

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