Binance Holding pleaded guilty. Agrees to pay $4B to US authorities ...Middle East

Binance holdings pleaded guilty, agrees to pay over $4 billion to US authoritiesDOJ says by Nancy chief Changpeng Zhao has pleaded guilty to criminal chargesCharges involve violations of Bank secrecy act, failure to register as a money-transmitting business and othersResolution will include a 5 year monitoring ship for BinanceAs part of his guilty plea, Zhao (Or CZ as he is called) agreed to pay a $50 million fine and will also step down from his role as chief executive of the company. The government is seeking an 18-month prison sentence for Mr. Zhao, the maximum suggested under federal guidelines.“From the very beginning, Zhao and other finance executives engaged in a deliberate and calcul

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