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coinpedia 2023-12-19 04:35:47

Binance Settles with CFTC for $1.5 Billion in Fines and Restitution!

The post Binance Settles with CFTC for $1.5 Billion in Fines and Restitution! appeared first on Coinpedia Fintech News The U.S. Court has approved a settlement between the CFTC and Binance, with Binance paying $2.7bn and its former CEO, CZ, paying $150m. The court found that Binance and CZ violated federal law by operating an unregistered derivatives exchange. As part of the settlement, Binance must implement a formalized corporate governance structure and maintain KYC …

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