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Crypto Crime Crackdown as Binance CEO is Jailed in USA & Fined $4.3 Billion for Money Laundering - Joe Blogs
Binance is the largest Crypto Business in the world and processes more than $12 Billion in Crypto transactions every day. The fees earned by Binance have made its founder very wealthy however he was forced to resign from the business in November after being charged with MONEY LAUNDERING. He has now been found GUILTY and jailed in the USA. Binance has also been fined $4.3 BILLION. In this video I provide more details on the money laundering case, discuss the jail sentence compared to a recent case in Turkey and the implications for the Crypto industry.
Chapters:
0:00 Intro
2:24 MONEY LAUNDERING
4:32 FINANCIAL PENALTIES
8:22 11,196 YEARS
11:00 SUMMARY & CONCLUSION