Binance in Talks to Dismiss Monitor Imposed by U.S. Justice Department Settlement

According to a Bloomberg report on the 17th, Binance Holdings, the world's largest cryptocurrency exchange, is in discussions with the U.S. Justice Department to negotiate the removal of the external compliance monitor requirement imposed by a $4.3 billion settlement agreement. Binance was subjected to two corporate monitors following a guilty plea with the Justice Department and a separate settlement with the Financial Crimes Enforcement Network (FinCEN). In 2023, the company agreed to pay the largest corporate penalty in the U.S. to settle allegations of inadequate anti-money laundering measures. The Justice Department is set to make a final decision on the three-year monitoring program...