Binance's Legal Woes: A Tale of Compliance Failure and a Record-Breaking Settlement

9.5万

Binance, the world’s largest cryptocurrency exchange, faced serious legal challenges due to its non-compliance with anti-money laundering (AML) regulations and failure to implement effective know-your-customer (KYC) protocols. This resulted in the platform being used for illicit activities, including money laundering and transactions with sanctioned countries