Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry figure, Zhao, known as “CZ,” is the second major crypto…
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering. Prosecutors made the request in a Tuesday night filing in Seattle federal court. They said sentencing…
The recent few years have not been smooth sailing for Binance, which has time and again found itself surrounded by legal issues. In a first, Binance Holdings has established a board of directors comprising of seven members – who will weigh-in on the company’s decision making and business-related resolutions as…
At a time when cryptocurrencies are snapping out of a two-year slumber period to sprint on a bull run, the largest crypto exchange in the world is facing multiple legal crisis in different parts of the world. The government of Philippines, in a fresh development, has announced a ban on…
Every year since 1975, March 8 is observed as International Women’s Day as per the UN’s declaration. Binance, touted as the world’s largest exchange, decided to appeal to potential women investors, entrepreneurs, and developers through a new kind of product – a perfume. Binance has announced the launch of a…
Binance’s new CEO, Richard Teng, joined the company in November 2023 after its founder and former CEO Changpeng Zhao pleaded guilty in the US for violating money laundering laws. As the waters were seeming to settle around Binance’s internal turmoil, it’s new CEO also may have found himself in a…
Binance Co-Foudner Yi He has disclosed that unidentified notorious elements are reaching out to existing or potential crypto investors, offering them scam token listings for money using her name. These types of scams are classified as ‘token listing’ scams. Through social networking platforms like LinkedIn and X, cyber criminals first…
Apple’s App Store, as of Wednesday, January 10 is not showing a number of foreign crypto exchanges like Binance and Kraken in India. Several members of India’s crypto community posted screenshots of their Apple Store searches on X, showing no results on the App Store. The development comes at a…
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA). According to an official release from the Ministry of…
The outlook of the investor community towards cryptocurrencies is, needless to say, an ever-evolving landscape. Several governments from around the world are working to regulate the crypto sector, given that the industry has amassed a large community worldwide in recent years despite its volatile nature. There are two big reasons…
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