Cryptocurrency exchange Binance US's money transfer license in North Dakota has been revoked due to compliance issues. The legal difficulties of Changpeng Zhao, the founder of Binance US, also influenced this decision. 📉 North Dakota Department of Financial Institutions stated that Binance US does not comply with state laws. Zhao admitted to violating US money laundering laws in April and was sentenced to four months in prison for Binance's situation. Binance US's inadequate anti-money laundering program is also among the factors contributing to the license withdrawal.