🔥 NEWS

- CZ will step down as CEO of Binance, this is part of the agreement because Binance violated anti-money laundering rules (this is the second source to confirm the information except Forbes).

- CZ will retain majority ownership of the company (similar to Bitmex's Arthur Hayes deal with the US).

- Binance will pay a $4 billion fine to the US Department of Justice; It is highly likely that Binance will continue to operate as long as appropriate regulations are in place to comply with anti-money laundering laws.