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Crypto Regulation News Weekly Digest: CZ’s Guilty Plea and Grayscale’s Bitcoin ETF Prospectus
29.11.2023
Crypto regulation evolves through CZ plea deal, Grayscale Bitcoin ETF application, Singapore bans, and Lagarde’s personal experience. Image by Titiwoot Weerawong, Vecteezy Last week brought several major developments on the crypto regulation front. Binance founder Changpeng Zhao pleaded...
Changpeng “CZ” Zhao Steps Down From Binance.US Board of Directors
28.11.2023
Binance founder and former CEO, Changpeng “CZ” Zhao, has stepped down from the company’s board of directors following his guilty plea to several federal charges last week. “CZ” steps down Zhao “has decided to step down from his role as Chairman of our Board of Directors and transferred his voting...
Why Binance’s US plea deal could be positive for crypto adoption
28.11.2023
Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning?
End of an Era: CZ Steps Down, SEC Names More ‘Securities,’ as US Crypto Crusade Continues — Week in Review
26.11.2023
Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of the exchange, and former CEO, Changpeng...
Binance US Guilty Plea May Raise Complications for Hong Kong Affiliate’s Crypto License Application- Here’s What You Need to Know
24.11.2023
Source: Pixabay According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong. On November 21, Changpeng Zhao stepped down as CEO of Binance...
Kraken Co-founder Says Crypto “Feels More Fair” After CZ’s Guilty Plea
23.11.2023
Source: Pixabay “The crypto game feels a bit more fair today,” Kraken co-founder Jesse Powell said in an X post on Wednesday. In the wake of Binance co-founder Changpeng Zhao stepping down as CEO and pleading guilty to criminal charges of money laundering, Powell held nothing back in his assessment...
Former Binance CEO Changpeng Zhao Still Worth $15 Billion Despite Guilty Plea: Forbes
23.11.2023
Source: X / @cz_binance Former Binance CEO Changpeng Zhao, commonly known as CZ, is still worth $15 billion despite recently pleading guilty to federal money laundering charges. On Tuesday, the crypto boss acknowledged his violation of US regulations and evasion of sanctions laws in his pursuit...
Degens Ride the Wave: Massive Surge in ‘CZ’ Token Amid Binance CEO’s Resignation
22.11.2023
Source: Adobe / MysteryShot Risk-loving crypto traders, often referred to as “degens,” are capitalizing on the recent announcement of Binance CEO Changpeng Zhao’s (CZ) resignation and guilty plea by scooping up a newly launched token called “CZ.” Despite...
Binance Founder CZ Writes to Staff: I have to deal with some pain, but will survive
22.11.2023
Source: X / @cz_binance Binance founder and former CEO Changpeng Zhao issued an internal memo to Binance staff following his guilty plea to several charges, including money laundering. The cryptocurrency exchange giant has agreed to pay a $4.3 billion penalty as part of the legal resolution. In...
Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance's Gulity Plea
22.11.2023
We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...
Bitcoin and BNB Recovery as Binance Plea Seen Boosting Spot ETF Odds
22.11.2023
Some observers believe Binance's downfall has boosted the spot-ETF approval odds
DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as Part of Plea Deal
21.11.2023
The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world’s largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development...
US officials announce $4.3B settlement with Binance, plea deal with CZ
21.11.2023
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance "lacked basic safeguards" to protect against sanctions and Changpeng Zhao committed criminal acts
Court unseals indictments against Binance and CZ, detailing expected guilty pleas
21.11.2023
The U.S. Justice Department, Treasury, and CFTC are reportedly planning to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21
'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud
14.11.2023
The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ)
Indian Supreme Court Dismisses Plea Seeking Crypto Trading Regulations
13.11.2023
Source: Pexels The Indian Supreme Court on Friday declined to entertain a petition seeking to establish guidelines on crypto regulations. Cryptocurrencies, decentralized digital or virtual currencies operating independently of a central bank, have faced ongoing discussions regarding their...
Canadian MP Hails Satoshi Nakamoto, Wants Parliament to Study Bitcoin
1.11.2023
Joël Lightbound addressed the Canadian Parliament with a call for a new perspective on cryptocurrencies, particularly Bitcoin. During a speech that lasted over a minute, Lightbound urged members of parliament to consider a different approach, emphasizing the significance of studying Bitcoin....
Former FTX engineering director faces up to 75 years in prison following guilty plea
16.10.2023
Nishad Singh's testimony was seemingly part of prosecutors' strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds