World Business Report

Binance boss pleads guilty to money laundering

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CZ, the founder of the world's largest cryptocurrency exchange has stepped down and the company will pay a fine of more than $4 billion dollars.

Changpeng Zhao said in a post on X, "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself".

Sam Fenwick will get the latest on the story and what it means for the future of the company.

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World Business ReportBy BBC World Service
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