He Yi: The “No. 1 Sister in the Currency Circle” who succeeded Changpeng Zhao at Binance
U.S. authorities have brought down the “King” of the crypto world, but the “Queen” remains.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
U.S. authorities have brought down the “King” of the crypto world, but the “Queen” remains.
Since 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
Binance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
Binance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
Recently, HSBC China, Hang Seng China, Standard Chartered China, and Fubon Bank China became the first batch of foreign banks to announce their access to the e-CNY interoperability platform.
Mastercard introduces NFT certificates, Hang Seng Bank launches a digital wallet, and the Insurance Private Chain for the e-HKD pilot programme.
Are you still grasping this outlet?
On September 20, Bloomberg stated that concerns that the Evergrande crisis may spread and affect global markets triggered widespread selling, and cryptocurrency prices also experienced a sharp drop.
The crypto market rallied sharply after Evergrande reached an agreement to repay its debt and the Federal Reserve said it would continue its current monetary policy.