{"id":26668,"date":"2024-02-24T05:02:59","date_gmt":"2024-02-24T05:02:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/u-s-judge-approves-binance-4-3-billion-doj-settlement\/"},"modified":"2024-02-24T05:02:59","modified_gmt":"2024-02-24T05:02:59","slug":"u-s-judge-approves-binance-4-3-billion-doj-settlement","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/u-s-judge-approves-binance-4-3-billion-doj-settlement\/","title":{"rendered":"U.S. Judge Approves Binance $4.3 Billion DOJ Settlement"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>A U.S. federal judge on Friday gave the final approval to a $4.3 billion <a href=\"https:\/\/igaming.org\/crypto\/binance-settles-with-u-s-for-4-3-billion-zhao-steps-down-as-ceo\/\">settlement<\/a> between Binance, a leading cryptocurrency exchange, and the U.S. Department of Justice (DOJ). This decision resolves allegations that Binance bypassed sanctions and failed to adhere to anti-money laundering laws. Judge Richard Jones\u2019 approval, as Bloomberg initially reported, marks a critical step for Binance in addressing its legal challenges.<\/p>\n<p>The DOJ had accused Binance of engaging in unlawful activities over several years. As part of the agreement, Binance will pay a substantial $4.3 billion fine, enhance its compliance measures, appoint an independent compliance monitor, and see its CEO, Changpeng Zhao, step down. Zhao also faces separate charges and awaits sentencing later this year.<\/p>\n<p>Binance responded to the settlement with a commitment to better compliance practices.<em> \u201cWe are gratified by the recognition we have received from regulators regarding our cooperation and significantly enhanced compliance,\u201d<\/em> a Binance spokesperson stated. They added,<em> \u201cWe look forward in the coming months to continuing to build on our efforts to set the industry standard for compliance, security, and transparency.\u201d<\/em><\/p>\n<p>The DOJ, while not commenting directly, emphasized through a sentencing memo the broader implications of the settlement. <em>\u201cThe agreed-upon sentence will promote specific and general deterrence,\u201d<\/em> the memo read, pointing out the settlement\u2019s role in warning other institutions against legal shortcuts in the name of innovation.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/u-s-judge-approves-binance-multibillion-dollar-settlement\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) A U.S. federal judge on Friday gave the final approval to a $4.3 billion settlement between Binance, a leading cryptocurrency exchange, and the U.S. Department of Justice (DOJ). This decision resolves allegations that Binance bypassed sanctions and failed to adhere to anti-money laundering laws. Judge Richard [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":26669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26668"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26668"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26669"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}