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Binance Founder Faces Prison Term
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US prosecutors seek a 3-year prison term for Binance's founder, Changpeng Zhao, over money laundering violations. Zhao resigned as CEO in connection with Binance's evasion of anti-money laundering regulations, incurring a $4.32 billion penalty.
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How might Changpeng Zhao's sentencing impact the future of Binance and the cryptocurrency industry?
In what ways could this case set precedents for enforcing anti-money laundering regulations in the crypto sector?
What measures could Binance implement to rebuild trust and compliance following these legal challenges?
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