Binance is charged with three criminal charges by the U.S. DoJ, including conspiracy, unlicensed money transmission and sanctions violations, as CEO Changpeng Zhao is prepared to plead guilty.

Binance, the world’s largest cryptocurrency exchange, has been hit with three major charges by the U.S. government. These charges include conspiracy, operating an unlicensed money transmitting business and violating the International Emergency Economic Powers Act. 

According to several sources, earlier today, Binance’s CEO, Changpeng Zhao, agreed to plead guilty to anti-money laundering charges in a Seattle federal court. Zhao is currently residing in the UAE, a country that doesn’t have any extradition treaty with the United States. However, as Zhao is likely to be present in Seattle, there are speculations on whether he will do any prison time. 

The charges against Binance have been unsealed in a Washington state federal court. They outline a series of alleged violations that have brought intense scrutiny to the cryptocurrency exchange. The first charge, conspiracy, suggests a deliberate effort by Binance to bypass U.S. regulations. 

The second charge involves the operation of an unlicensed m

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Author: Mohammad Shahidullah

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