Cryptocurrency exchange Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao have pleaded guilty to anti-money laundering and US sanctions violations. Binance will pay more than $4 billion, and Zhao will pay a $50 million fine under a deal that requires him to step down as he awaits sentencing. Su Keenan reports on Bloomberg Television.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:
Connect with us on…
Credit: YouTube/Bloomberg Television