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U.S. Department of Justice prosecutors are considering filing criminal charges against crypto exchange Binance, and individual executives including CEO and founder Changpeng "CZ" Zhao, according to Reuters.
Prosecutors are divided on whether to move aggressively against the exchange or take time to review more evidence, Reuters reported, citing four sources familiar with the matter.
The potential charges relate to an investigation launched in 2018 and focused on Binance's compliance with anti-money laundering laws and sanctions. Prosecutors at three Justice Department offices are reportedly involved; the Money Laundering and Asset Recovery Section (MLARS), the U.S. Attorney's Office for the Western District of Washington in Seattle and the National Cryptocurrency Enforcement Team.