Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Money Laundering Violations

Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Money Laundering Violations

MOSCOW (Sputnik) – Changpeng Zhao announced on Tuesday that he would step down as the CEO of Binance after he pleaded guilty to money laundering violations, marking a stunning effort by the US government to clamp down on the cryptocurrency industry.

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