The U.S. President Donald Trump has granted a presidential pardon to Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange.
Zhao, a billionaire entrepreneur, had previously served a prison sentence after pleading guilty to failing to implement adequate anti-money-laundering controls on the Binance platform.
The exchange was accused of enabling the movement of illicit funds linked to child exploitation, drug trafficking, and terrorism.