By Walter Grand in Economy —

Binance ready to pay fines to settle investigations

Binance ready to pay fines to settle investigations
Photo by Rodion Kutsaiev / Unsplash

Bloomberg reporters interviewed  Patrick Hillman, Binance's chief strategy officer in the US. He revealed that the company plans to pay fines to regulators in order to settle all claims.

Hillman explains: because of its rapid development, Binance initially failed to comply with many laws and AML regulations. Now they are willing to pay monetary fines to come to an amicable agreement.