Changpeng Zhao, the founder of cryptocurrency giant Binance, is currently required to stay in the United States as a federal judge deliberates over a motion from the U.S. Department of Justice.
This motion insists that Zhao should remain in the U.S. until his sentencing, which is expected early next year.
Zhao recently admitted to breaching the Bank Secrecy Act and consequently stepped down from his role as CEO of Binance, the world’s top crypto exchange by trading volume.
In a related development, Binance itself confessed to breaching sanctions and money transmission laws, consenting to pay a hefty fine of $4.3 billion.
Additionally, the company agreed to install compliance monitors who ...