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Business Matters: Binance founder sent to prison

Binance founder sent to prison

01/05/2024 GMT

BBC World Service - Business Matters, Binance founder sent to prison

Changpeng Zhao, founder of global cryptocurrency exchange Binance has been sent to prison

Changpeng Zhao, the founder of the global cryptocurrency exchange Binance, has been sent to prison in the United States for four months.

The Binance founder Changpeng Zhao, who has been sentenced to four months in a US prison for failing to establish adequate anti-money laundering protections.

Reports coming out of Washington suggest that the US government is about to take an historic step toward easing federal restrictions on cannabis.

The lower house of congress in Argentina has given its general approval to a comprehensive package of austerity measures proposed by the President, Javier Milei. The house in Buenos Aires has spent over a day voting on individual articles of the various measures which have led to huge protests in the city in recent months. 

Also, China’s leaders have pledged more support for the world’s second-largest economy, saying it "still faces many challenges”; and the Bumble CEO Lidiane Jones says young women in tech have to be "resilient".

Presenter Ed Butler is joined by Yves Hayaux Du Tilly, a Mexican lawyer who advises companies on business matters affecting Mexico and Latin America, and Jennifer Pak, the China correspondent for American Public Media, to discuss the latest international business news.

(Photo: Changpeng Zhao. Credit: Benoit Tessier/Reuters)

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