Binance Settles AML Charges, CEO Resigns Amid Regulatory Crackdown

Binance has reached a $4.3 billion settlement with U.S. authorities to address Anti-Money Laundering (AML) compliance violations. The move led to the resignation of CEO Changpeng Zhao amidst increased regulatory scrutiny of the cryptocurrency exchange. The settlement reflects a broader effort by regulators to enforce stricter standards within the crypto sector, impacting Binance’s operations and future in the U.S. market.