On Thursday, United States President Donald Trump announced a pardon for Changpeng Zhao, the former CEO of Binance, a global cryptocurrency exchange. Zhao was convicted of money laundering related to Binance’s operations. The Justice Department sought a pardon after Zhao allegedly facilitated illicit transactions through the platform. The pardon decision comes after a lengthy investigation and is being viewed as a strategic move by the administration to alleviate potential legal consequences for Zhao. The pardon signifies a move to mitigate potential damage to the cryptocurrency industry and its reputation.
Credits: Al Jazeera – Breaking News, World News and Video from Al Jazeera
