Binance CSO: Binance expects to pay fines to resolve the U.S. investigation into its business

ChainCatcher news, Binance's Chief Strategy Officer Patrick Hillmann stated in an interview that the company expects to pay fines to resolve the ongoing investigations by U.S. regulatory and enforcement agencies into its business.

Patrick Hillmann mentioned that Binance has grown rapidly, initially being a company driven by software engineers who were unfamiliar with the laws and regulations established to address bribery and corruption, money laundering, and economic sanctions risks. Hillmann noted that Binance has been working to fill the gaps in its early compliance efforts but still expects regulators to impose fines for past conduct. (Wall Street Journal)