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CZ, who previously owned 100% of Binance France, found himself in hot water after pleading guilty to violating US banking laws last November
Binance France has replaced co-founder Changpeng Zhao with two new shareholders to maintain its operational status and comply with local regulations. This move follows Zhao's legal issues and aims to align with European Union standards as new regulatory frameworks like MiCA take effect.
May 29, 2024 10:41 AM