A US district judge accepted the plea deals agreed upon by Binance, former CEO Changpeng Zhao and the Department of Justice.
Binance, which operates Binance.com, the world's largest cryptocurrency exchange, pleaded guilty and dismissed the Justice Department's investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitter, and violations of the International Emergency Economic Powers Act (IEEPA). agreed to pay over $4 billion to resolve the issue.
Binance's founder and chief executive officer (CEO), Canadian citizen Changpeng Zhao, was also found guilty of failing to implement a comprehensive anti-money laundering (AML) program in violation of the BSA and resigned as Binance CEO.
According to court documents, Binance admitted that it prioritized growth and profits over compliance with US laws. Binance launched in 2017 and focused on attracting high volume customers, including US-based customers. Binance quickly became the largest cryptocurrency exchange in the world, and most of its customers came from the USA.
As a result of serving U.S. customers, Binance was required to register with FinCEN as a money services business and implement an effective AML program reasonably designed to prevent Binance from being used to facilitate money laundering, according to the court documents.
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Haqq Blockchain, a leading blockchain technology company, recently announced its partnership with Mara Foundation, a social enterprise that focuses on youth empowerment and entrepreneurship development in Africa. This collaboration aims to leverage blockchain technology to disrupt traditional business models and drive social impact across the continent. 

The partnership between Haqq Blockchain and Mara Foundation is built on the shared vision of creating opportunities for young Africans to succeed in the digital economy. By harnessing the potential of blockchain technology, the two organizations seek to address various challenges faced by entrepreneurs in Africa, such as limited access to capital, lack of transparency, and inefficient processes.
One of the key areas of focus for this partnership is financial inclusion. Haqq Blockchain and Mara Foundation aim to empower individuals and small business owners by providing them with access to financial services through blockchain-based platforms. By leveraging decentralized finance (DeFi) solutions, they can overcome traditional barriers to financial services, such as high fees, documentation requirements, and access limitations.
 In addition to financial inclusion, the partnership is also expected to enhance supply chain transparency and efficiency. By utilizing blockchain technology, Haqq Blockchain and Mara Foundation can develop solutions that enable tracking and traceability of products, ensuring fair trade practices and reducing fraud and counterfeiting risks. This can benefit farmers, producers, and consumers alike, promoting fair trade and contributing to the development of sustainable supply chains in Africa. Moreover, this collaboration will also focus on providing education and training on blockchain technology and its applications. Through workshops, online courses, and mentorship programs, Haqq Blockchain and Mara Foundation aim to equip young Africans with the necessary skills and knowledge to participate in the growing blockchain ecosystem. 
 This will enable them to harness the potential of this innovative technology and create new opportunities for themselves and their communities. Overall, the partnership between Haqq Blockchain and Mara Foundation demonstrates the potential of blockchain technology to drive transformative change in Africa. By leveraging blockchain's inherent security, transparency, and scalability, the two organizations aim to empower young Africans, promote financial inclusion, enhance supply chain efficiency, and foster sustainable economic growth. Through their collective efforts, they aspire to create a more inclusive, prosperous, and digitally empowered Africa.
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