US Authorities Close In: Binance Expected to Pay Penalties for Regulatory Probes

Major crypto exchange Binance will likely pay monetary penalties to settle current investigations by the US authorities, the Wall Street Journal reported, citing the firm’s chief strategy officer. According to Patrick Hillmann, the company is working on patching the compliance gaps and mistakes made earlier in its existence - but it is likely that it will be asked by the regulators to pay the fines nonetheless. ... Read More: US Authorities Close In: Binance Expected to Pay Penalties for Regulatory Probes