Binance and Changpeng "CZ" Zhao settled with multiple federal agencies on Tuesday, agreeing to pay billions of dollars in a deal that will also see Zhao face potential prison time, Binance make a "complete exit" from the U.S. and agree to strict oversight from monitors over the next several years. What Is Binance (BNB) Coin? The volatile industry surged in 2021 with a range of complex products and celebrity endorsements propelling it to a valuation in excess of $3 trillion in 2022.
Want to instantly compare Binance vs Bybit & see which cryptocurrency exchange takes the top spot? Take advantage of this comprehensive Cryptocurrency Exchange Comparison Tool and see which brand wins! Biggest Cryptos This monetary penalty from FINTRAC is a small price compared to what the crypto company recently agreed to pay for evading United States (US) anti-money laundering laws. Binance has settled for $4.3 billion USD as part of its US plea deal.