As part of the agreement, CZ was slated to remain in detention for 18 months. However, the former head of Binance was released in less than 24 hours.
Armstrong touted Coinbase’s efforts at remaining in line with US compliance, while calling for regulatory clarity in the sector.
New Binance CEO Richard Teng has a rich track record in the financial regulatory environment, having worked in Dubai and Singapore for the past years.
As part of the plea deal with prosecutors, Binance has agreed to pay the United States Department of Justice (DoJ) $4.3 billion.
The potential resolution of the US criminal investigation into Binance marks a critical juncture for the crypto industry. If Binance agrees to the proposed fine, it would represent one of the largest settlements in the history of the crypto market.
BNB price has gained about 6.4 percent in the past 24 hours to trade around $262 as the charges filed by the DoJ are believed to be finalized by the end of this month.
Binance will reportedly pay no less than $4 billion in fines to keep operating in the United States.
CME’s rise to the top suggests increasing institutional interest as the platform is a favorite among large traditional financial institutions.
Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance.
Binance web3 wallet possesses advanced security features like wrong address protection and malicious contract detection.
The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens.
Binance Messenger is now available on the App Store but to sign up a user should have an invitation code.
This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet.
Binance cuts ties with Advcash soon after selling its Russian operations to the crypto exchange CommEX.
Following the farming period, Binance is all set to list MEME on November 3, 2023, at 08:00 (UTC).