By Wayne Jones This week, Binance founder Changpeng Zhao (CZ) finally revealed why he chose to face US prosecutors during his AML violation case despite holding UAE citizenship that could have kept him from the grasp of US law enforcement. His account offered a rare explanation of his thinking before a four-month prison sentence and […]
Tag: AML
Key highlights: The IMF says Brazil’s dependency on stablecoins could have far-reaching effects for the broader economy. Stablecoins have led Brazil’s crypto market growth for nearly 10 years, with dollar-denominated assets leading the charge. Tether’s USDT holds a sizable share of the market, followed by Circle’s USDC. The International Monetary Fund (IMF) has called for […]
Key highlights: CZ backed a regional crypto licensing system in ASEAN. He said licensed firms should not have to face a stringent process when expanding. ASEAN already has similar passporting systems for investment funds and advisers. Binance’s Changpeng “CZ” Zhao voiced his support of a regional crypto licensing system that would make operating across ASEAN […]