Judge Richard Jones expressed his disagreement with a three-year sentence.
Binance is collaborating with the authorities and has instituted a KYC and AML policy.
Changpeng Zhao (CZ), the former CEO of Binance, pled guilty to charges of money laundering and was sentenced to four months in jail on Tuesday in Seattle.
In his statement to the sentencing judge on Tuesday, Zhao expressed regret and a desire to own up to his “mistakes.” The Verge reports that he also said that Binance is collaborating with the authorities and has instituted a Know Your Customer and anti-money laundering policy.
Historic Judgement
The prosecution wanted Zhao jail time of 36 months, claiming that he and his exchange preyed on American users and broke American laws on purpose.
According to CoinDesk’s live coverage from the courtroom, Judge Richard Jones of the US District Court for the Western District of Washington expressed his disagreement with a three-year sentence and said that Zhao was n
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