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Post-Zhao Era: Binance France Swaps Ownership amid Regulatory Pressures

Post-Zhao Era: Binance France Swaps Ownership amid Regulatory Pressures
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"I am fortunate to be taking on the leadership of a business whose fundamentals are very strong", Binance's new CEO Richard Teng wrote in his first statement after company Founder Changpeng Zhao step down and admitted to engaging in anti-money laundering, unlicensed money transmitting and sanctions violations. "Not only does Binance continue to operate the"I am fortunate to be taking on the leadership of a business whose fundamentals are very strong", Binance's new CEO Richard Teng wrote in his first statement after company Founder Changpeng Zhao step down and admitted to engaging in anti-money laundering, unlicensed money transmitting and sanctions violations. "Not only does Binance continue to operate the » The FINANCIAL Featured

Binance to pay $4 3 billion in fines for money laundering violations

Founder Changpeng Zhao, who also pleaded guilty, has agreed to a $50 million fine and to step down as CEO

Binance CEO Changpeng Zhao pleads guilty, steps down and agrees to pay US$4 3bn in fines

Binance Founder Changpeng Zhao (also known as CZ) on Wednesday announced that he will step down as the CEO of the world s largest cryptocurrency exchange, after pleading guilty to federal charges and agreeing to pay $4.3 billion in fines.

BNB Price Tumbles 10% After Changpeng Zhao Steps Down as Binance CEO

price has tumbled 10% from $267 to $240 as markets Binance Founder Changpeng Zhao’s exit. Derivative Market analysis provides vital insights into possible BNB…

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