BusinessPostCorner.com
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Former Binance Chief CZ Confirms Pardon Request After Initial Denial

May 8, 2025
in Crypto News
Reading Time: 3 mins read
A A
0
Former Binance Chief CZ Confirms Pardon Request After Initial Denial
ShareShareShareShareShare

Changpeng Zhao, the founder and former CEO of Binance, has confirmed that he has formally applied for a presidential pardon, weeks after initially denying reports of such a move.

Speaking on the Farokh Radio podcast aired May 6, Zhao said his legal team filed the request following widespread media speculation.

“I got lawyers applying,” Zhao said during the interview, saying that he ultimately decided to move forward after stories from Bloomberg and The Wall Street Journal suggested he was pursuing a pardon from former U.S. President Donald Trump.

“If they’re writing this article, I may as well just officially apply,” Zhao added.

CZ Cites Trump’s BitMEX Pardons as Key Motivation

Zhao, commonly known as CZ, also cited Trump’s past pardons of three BitMEX executives, including Arthur Hayes, as further motivation for submitting the application.

According to him, the paperwork was filed roughly two weeks prior to the podcast episode.

The former crypto mogul pleaded guilty to violating the Bank Secrecy Act in November 2023 as part of a settlement with U.S. authorities.

The agreement led to Binance paying $4.3 billion in fines, with Zhao personally contributing $50 million.

He was sentenced to four months in prison and barred from holding any management position at Binance as a condition of the deal.

Although a pardon would not erase Zhao’s money laundering conviction, it could potentially clear the way for him to return to a leadership role at Binance.US, according to the U.S. Department of Justice.

Zhao acknowledged that “no felon would mind a pardon” and believes he may be the only individual to have served time for a Bank Secrecy Act violation.

Since stepping down as CEO and serving his sentence, Zhao has remained a shareholder in Binance and has said he has no intention of returning to the helm.

Speaking at Binance Blockchain Week in November, he remarked, “I feel the team is doing well and doesn’t need me back.”

Zhao has since shifted focus to international advisory work, offering guidance to governments in Pakistan and Kyrgyzstan on crypto regulation and blockchain integration.

Trump, who recently granted Ulbricht’s pardon, had promised the crypto community during his campaign that he would free the Silk Road founder.

Though he pledged to act on his first day in office, Ulbricht’s release came a day after Trump’s January 20 inauguration.

Bhutan Taps Binance to Launch National Crypto Tourism Payment

Bhutan has partnered with Binance Pay and DK Bank to allow tourists to pay for nearly all travel-related expenses using cryptocurrency.

Tourists can now use digital assets to pay for flights, hotels, tours, visa fees, and even roadside purchases.

The system, powered by Binance’s app, supports over 100 cryptocurrencies and enables real-time transactions via QR codes.

Payments are instantly settled in local currency by DK Bank, eliminating the need for traditional banking systems, currency exchanges, or international cards—making travel more seamless and affordable for foreign visitors.

More than 100 Bhutanese merchants, including rural artisans and small vendors, have joined the system, allowing even remote businesses to accept crypto payments through a simple smartphone.

The post Former Binance Chief CZ Confirms Pardon Request After Initial Denial appeared first on Cryptonews.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Donald Trump offers to mediate as India-Pakistan conflict spirals

Next Post

Airport shutdown cause still unknown, report says

Next Post
Airport shutdown cause still unknown, report says

Airport shutdown cause still unknown, report says

IMF raises UK growth forecast as it warns on tax and spending

IMF raises UK growth forecast as it warns on tax and spending

May 27, 2025
Disengaged employees’ high cost: Why culture matters more

Disengaged employees’ high cost: Why culture matters more

May 27, 2025
Santa Ono, a Canadian-born immunologist and former University of Michigan president, just got the green light to be the University of Florida’s next president

Santa Ono, a Canadian-born immunologist and former University of Michigan president, just got the green light to be the University of Florida’s next president

May 27, 2025
What does court ruling mean for Trump’s tariff agenda?

What does court ruling mean for Trump’s tariff agenda?

May 29, 2025
4 shopping trends to expect in uncertain financial times [data + how marketers can adapt]

4 shopping trends to expect in uncertain financial times [data + how marketers can adapt]

May 27, 2025
AI’s reckoning: confronting job loss in the Age of Intelligence

AI’s reckoning: confronting job loss in the Age of Intelligence

May 30, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Tough choices unavoidable, says IFS

Tough choices unavoidable, says IFS

May 31, 2025
Elon Musk’s court fights to outlast his time at White House

Elon Musk’s court fights to outlast his time at White House

May 31, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!