The post Binance Took Complete Exit from US Market! appeared first on Coinpedia Fintech News
Binance will depart from the U.S. market and pay a combined $4.36 billion in fines and forfeitures to various regulatory agencies, including FinCEN and OFAC, to settle charges of violating anti-money laundering and sanctions laws. The exchange will also resign its founder and CEO, Changpeng “CZ” Zhao, who will plead guilty in a Seattle court. As part of the settlement with FinCEN, Binance will completely exit the U.S. and appoint a monitor for five years to oversee its sanctions compliance program, with the U.S. Treasury Department having access to its records and systems during this time.
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