Changpeng Zhao: Former boss of world’s largest crypto exchange Binance jailed for allowing money laundering | Business News
The former boss of the world's largest cryptocurrency exchange has been jailed for four months for allowing money laundering.The sentence was handed down to billionaire Binance founder Changpeng Zhao, nicknamed CZ, after he pleaded guilty to breaching US anti-money laundering laws designed to prevent terrorist financing and funds going to sanctioned countries. The prison term was far less than sought by US prosecutors who wanted a three-year term - twice […]