LIVEThe verdict is clear for CZ
"Former Binance CEO Changpeng Zhao was sentenced to 4 months in prison. Before being sentenced, CZ apologized and accepted responsibility for his wrong decisions. However, he also emphasized that under its leadership, Binance has implemented strict control measures 🙏🏻#Binance#CryptoNews
US prosecutors have proposed a 36-month prison sentence for CZ for "unprecedented" crimes. However, the judge disagreed, saying there was no evidence that CZ knew about illegal activities at the exchange.
CZ's case has shed light on the lack of regulatory oversight and compliance in the crypto industry. Some market observers say that although the prison sentence is light, it could affect future regulatory compliance efforts of crypto businesses. #CryptoRegulation
And what do you think about this case? Please leave your opinion in the comments section! 👇🏻"
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