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Multiple U.S. states have revoked or declined to renew Binance.US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). North Dakota is among the states that have taken this action amid regulatory scrutiny. Additionally, Binance faces a $4.3 billion fine and the jailing of CZ.
Binance’s global operations under fire as fines and suspensions mount https://t.co/tK4v1o3W1L
Nigerian Court Rejects Bid to Remove EFCC Chairman, Olukoyede, Says Applicant Lacks Legal Standing To Bring Suit | Sahara Reporters https://t.co/BOyjP3Irj2 https://t.co/WcfYSKgkly
UPDATE: BINANCE FILES APPEAL AGAINST $4.4 MILLION FINE IMPOSED BY CANADIAN REGULATOR FINTRAC IN MAY