The post DOJ Subjected to Backlash Over Binance Founder’s Easy Sentence appeared first on Coinpedia Fintech News
CZ pleaded guilty in November for his failure to take the required anti-money-laundering measures and stepped down from Binance. He has finally received a four-month sentence in prison. The Department of Justice (DOJ) did not directly accuse Zhao of money laundering and charged his company’s inadequate AML programs, which allowed illicit fund movements through the …
The post DOJ Subjected to Backlash Over Binance Founder’s Easy Sentence appeared first on Coinpedia Fintech News
CZ pleaded guilty in November for his failure to take the required anti-money-laundering measures and stepped down from Binance. He has finally received a four-month sentence in prison. The Department of Justice (DOJ) did not directly accuse Zhao of money laundering and charged his company’s inadequate AML programs, which allowed illicit fund movements through the exchange. The critics argue that the seemingly lighter punishment is a serious injustice, voicing the widespread public sentiment. The light sentence signifies a liberal message to cryptocurrency’s fast-paced and often shady world.
