Binance expects to pay fined to settle U.S. regulators’ probes – report

The world’s largest cryptocurrency exchange, Binance, expects to pay monetary policies to settle U.S. regulatory and law enforcement investigations of its business, the Wall Street Journal reported, citing an interview with the company’s chief strategy officer. When Binance started it was run by software engineers without knowledge of laws that deal with bribery, corruption, money laundering, and economic sanctions, Patrick Hillman told the WSJ. While it’s striving to address the early shortfalls in it compliance efforts, the company still expects regulators will impose fines for past conduct, he said. The firm is “working with regulators to figure out what are…