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Binance Plea Deal vs. Reality
Pulse of the market
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Despite a 2023 US plea deal, Binance may have failed to fully implement promised monitoring and due diligence:
The settlement required real-time monitoring, enhanced due diligence, and customer reviews.
US authorities flagged Binance for not reporting 100,000+ suspicious transactions tied to ransomware, narcotics, and terrorist-linked transfers.
The situation comes after Binance founder CZ was pardoned by former President Trump in October.
Regulators and the crypto community are watching closely to see if Binance will address these governance lapses.
