How has the US Department of Justice's December action affected Binance and its CEO Zhao?

1 answers

• In PlayApr 01, 2023 · 2 years ago
  The US Department of Justice's action in December had a significant impact on Binance and its CEO Changpeng Zhao. The Department of Justice accused Binance of facilitating money laundering and other illegal activities, which led to a loss of trust and reputation for the exchange. Binance has since taken steps to improve its compliance measures and enhance its anti-money laundering procedures. The legal action also resulted in a decline in Binance's trading volume and affected its market position. However, Binance is committed to resolving the issues raised by the Department of Justice and ensuring a secure and compliant platform for its users.
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