BNB, the cryptocurrency at the heart of the Binance exchange ecosystem, rose as much as 8.5% on optimism that the world’s largest cryptocurrency exchange may be putting some its regulatory issues behind it.
The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation, Bloomberg News reported. Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to people familiar with the discussions.
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