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Weekly Roundup: Binance Anticipates US Monetary Settlement, China Blacklists US Defense Contractors, and More

Binance's chief strategy officer said the global cryptocurrency giant expects to pay monetary penalties to U.S. authorities to settle allegations that the company violated compliance standards, The Wall Street Journal reported. More More than $400 million was secretly transferred out of a bank account controlled by Binance's purportedly independent U.S. affiliate to a trading firm controlled by Changpeng Zhao, the global cryptocurrency exchange's chief executive, in 2021, Reuters reported. More China imposed sanctions on U.S. defense contractors Lockheed Martin and Raytheon in the country's first use of a law that came into effect in 2019, Bloomberg reported. More A raft...

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