WSJ News Exclusive | Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty

The chief government of Binance, the most important international cryptocurrency trade, plans to step down and plead responsible to violating felony U.S. anti-money-laundering necessities, in a deal that will protect the corporate’s capacity to proceed working, in line with folks accustomed to the matter. 

Changpeng Zhao is scheduled to look in Seattle federal courtroom Tuesday afternoon and enter his plea, the folks stated. Binance, which Zhao owns, may even plead responsible to a felony cost and comply with pay fines totaling $4.3 billion, which incorporates quantities to settle civil allegations made by regulators, the folks stated.

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