President Trump pardons Binance founder Changpeng Zhao

OCT 24 - Changpeng Zhao, founder of the world's largest cryptocurrency exchange Binance, has been pardoned by US President Donald Trump. Zhao, also known Kenya breaking news | Kenya news today |..

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Former US President Donald Trump has pardoned Changpeng Zhao, founder of the cryptocurrency exchange Binance, who was sentenced to four months in prison in April 2024 for violating US money laundering laws.

Zhao, also known as “CZ”, completed his prison sentence in September 2024, and the pardon lifts restrictions on him running financial ventures.
Binance itself pleaded guilty and paid a fine of $4.3 billion (£3.4 billion) after a US investigation found it helped users bypass sanctions.
The pardon has reignited debate about the White House's embrace of cryptocurrency, especially given the Trump family’s deepening investments in the industry.

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