This article entails detailed information of how the CEO of Binance Changpeng Zhao begs to pause money laundering. Just read through to get the full gist detailed.
Binance CEO, Changpeng zhao just resigned.
Changpeng zhao clearly stated about his flaws and he accepted to take the full responsibility for the good of Binance community which he made the post on X. according to the justice department in charge of the case, they are demanding some penalties that would cost about $4.3bn. Binance as the largest crypto exchange across the world has been beneficial to their prospective customers to avoid sanctions across the world.
According to online statistics Binance allows about $900 million transactions across US and Iranian customers and also provided millions of dollars in transactions between US users and Syria customers. Binance is paving a good record transactions and a registered in Cayman Islands which is also known as the world’s biggest platform to buy and sell cryptocurrencies and also added digital assets. Binance was accused of web deception by the securities and Exchange Commission (SEC). Because the commission felt like the founder neglected the rules designed to protect investors so they will keep operating in the US. Regardless of the ongoing situation ships Binance clearly stated that they will defend itself legally.