{"id":197957,"date":"2023-11-22T00:27:09","date_gmt":"2023-11-21T18:57:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=197957"},"modified":"2023-11-22T00:27:09","modified_gmt":"2023-11-21T18:57:09","slug":"binance-ceo-changpeng-zhao-to-step-down-and-agree-to-4-3b-settlement-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-ceo-changpeng-zhao-to-step-down-and-agree-to-4-3b-settlement-crypto-news\/","title":{"rendered":"Binance CEO Changpeng Zhao to Step Down and Agree to $4.3B Settlement – Crypto News"},"content":{"rendered":"

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Changpeng Zhao, the CEO of Binance, the world’s largest cryptocurrency exchange, has agreed to step down from his position and plead guilty to violating U.S. anti-money laundering laws, the Wall Street Journal reported<\/a>.<\/p>\n

This decision is part of a major settlement with the U.S. Department of Justice (DOJ) involving a fine of $4.3 billion, the WSJ said, citing people familiar with the matter.<\/p>\n

CZ’s decision to step down is directly linked to his agreement to plead guilty to violations of U.S. anti-money laundering regulations. This move is seen as a proactive step to preserve Binance’s ability to continue operations amidst increasing regulatory scrutiny.<\/p>\n

The Binance exchange token, BNB, plunged by more than 7% in the hour after the news broke.<\/p>\n

The settlement and CZ’s resignation mark a pivotal moment for Binance, as the company navigates through the complexities of compliance with U.S. regulations. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Changpeng Zhao, the CEO of Binance, the world’s largest cryptocurrency exchange, has agreed to step down from his position and plead guilty to violating U.S. anti-money laundering laws, the Wall Street Journal reported. This decision is part of a major settlement with the U.S. Department of Justice (DOJ) involving a fine of $4.3 billion, the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-197957","post","type-post","status-publish","format-standard","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=197957"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197957\/revisions"}],"predecessor-version":[{"id":197958,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197957\/revisions\/197958"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=197957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=197957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=197957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}