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Tag: Lihua He

Crypto Compliance: Binance France Forced to Replace Sentenced Founder ChangPeng Zhao to Maintain European Presence!

Crypto Compliance Charlene Lensburg -
According to a report of DLNews, Binance France has replaced co-founder and former Binance Group CEO Changpeng Zhao (CZ) with two new shareholders, a strategic move aimed at preserving its operational status in the EU's second-largest economy. This decision follows CZ's guilty plea to violating US banking laws last November. He was sentenced to 4 months in prison for his violations and had to pay around $150 million to U.S. authorities, including regulator CFTC.

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