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[ad_1] Rajeev Chandrasekhar has reacted strongly to Binance founder and former CEO Changpeng Zhao’s admission to having violated US’ anti-money laundering laws. Chandrasekhar, who is the Union Minister of State for electronics and technology, has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. The warning comes in the backdrop of … Read more
[ad_1] Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the … Read more
[ad_1] Binance has announced its official entry into El Salvador, which became the first nation in the world to legalise Bitcoin in 2021. The US-based crypto exchange has received all operational licences in the central American nation, it said on Tuesday. With this, Binance has claimed to be the first fully licenced crypto exchange to … Read more
[ad_1] Binance has been in the news over the weekend over reported sizable layoffs at the crypto firm. A report by The Wall Street Journal claimed that over 1,000 staff members were given internal terminations at Binance in recent weeks. The exchange’s ongoing legal troubles with the SEC was quoted as the reason for triggering … Read more