United States of America: Issued ruling in DoJ lawsuit against Binance over alleged anti-money laundering, unlicensed money transmitting, and sanctions violations
Description
Issued ruling in DoJ lawsuit against Binance over alleged anti-money laundering, unlicensed money transmitting, and sanctions violations
On 21 November 2023, the Department of Justice (DoJ) disclosed that Binance Holdings Limited and its CEO have entered a guilty plea to federal charges, resulting in a settlement of approximately USD 4 billion. Binance, recognised as the world's larg…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court