Analysis, Crypto

What the Binance affair means for the crypto industry

By David Prosser
Changpeng Zhao, ex-CEO Binance, exits the federal court after been fined $50m. Image via Mercury Bloomberg

Cryptocurrency bosses may not have appreciated how clearly they were in regulators’ sights before last week’s unprecedented sanctions on Binance. They must surely do so now. 

The $4.3bn of fines the exchange faces after pleading guilty to charges related to money laundering and ...

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