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)
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags