#CryptoRegulation

Binance, once a pioneer in the crypto industry, has faced significant regulatory challenges worldwide. In November 2023, CEO Changpeng Zhao (CZ) pleaded guilty to anti-money laundering violations, leading to his resignation and a $4.3 billion settlement with U.S. authorities . Subsequently, Richard Teng took over leadership, focusing on compliance and securing regulatory approvals in over 20 jurisdictions . Despite these efforts, Binance continues to navigate complex regulatory landscapes, including investigations in France and penalties in India . The evolving regulatory environment underscores the challenges and importance of compliance in the global crypto market.(WIRED, Business Standard)