"Changpeng Zhao settles with DOJ" is the latest development as Binance founder Changpeng Zhao (CZ) agrees to plead guilty to charges related to anti-money laundering (AML) provisions. As part of a settlement with the U.S. Department of Justice, CZ will step down as CEO and pay a $50 million personal fine. Binance, in turn, will pay a significant $4.3 billion fine for its legal violations. This settlement marks a pivotal moment in the regulation of cryptocurrency exchanges.
