Thursday, March 28, 2024
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Binance’s CZ pleads guilty to violating anti-money laundering requirements—WSJ

Binance founder Changpeng "CZ" Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice (DOJ) prepares to announce that it's secured a $4.3 billion settlement with the company.According to The Wall Street Journal, CZ intends to plead guilty to several charges levied

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Coinbase Knew It May Have Been Violating the Law Prior to the SEC’s Lawsuit, Regulator Claims

"Coinbase, a multi-billion-dollar entity advised by sophisticated legal counsel, argues it was unaware that its conduct risked violating the federal securities laws, and suggests that by approving Coinbase’s registration statement in 2021 the SEC confirmed the legality of Coinbase’s underlying business activities – at that time and for all time,"

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EU Slaps $1.3B Fine on Meta for Violating GDPR EU User Data Protection Laws

On Monday, the EU imposed a record $1.3 billion fine on social media giant Meta for transferring EU user data to the US.  Meta Platforms Inc (NASDAQ: META) recently incurred a record 1.2 billion euros ($1.3 billion) fine from the European Union (EU) for privacy violations. European privacy regulators alleged that the Facebook parent

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US Justice Department investigating Binance for violating Russian sanctions: Report

Binance is under investigation by the United States Justice Department (DOJ) national security division for allowing Russians to use the cryptocurrency exchange in violation of U.S. sanctions, according to a report that appeared in Bloomberg on May 5. There have been no accusations against the company or its executive in

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US DoJ reportedly investigating Binance for violating sanctions against Russia

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is reportedly under investigation by the United States Depart of Justice (DoJ) Department’s national security division over suspicions of illegally allowing Russians to evade sanctions and move money through the exchange.  Binance accused of breaching Russian

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