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World Business Report: First broadcast 21/11/2023 22:32 GMT : Binance boss pleads guilty to money laundering

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First broadcast 21/11/2023 22:32 GMT 

First broadcast 21/11/2023 22:32 GMT : Binance boss pleads guilty to money laundering

Binance boss pleads guilty to money laundering

BBC World Service - World Business Report, Binance boss pleads guilty to money laundering

CZ has resigned and Binance fined more than $4 billion

The founder of the world's largest cryptocurrency exchange has stepped down and the company will pay a fine of more than $4 billion dollars.

CZ, the founder of the world's largest cryptocurrency exchange has stepped down and the company will pay a fine of more than $4 billion dollars.

Changpeng Zhao said in a post on X, "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself".

Sam Fenwick will get the latest on the story and what it means for the future of the company.

(Picture: Changpeng Zhao, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. Credit: REUTERS/Benoit Tessier/File Photo)

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First broadcast 21/11/2023 22:32 GMT : Binance boss pleads guilty to money laundering

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