In a watershed moment for the cryptocurrency sector, Binance, the world's largest cryptocurrency exchange, finds itself grappling with an array of penalties that set new precedents in regulatory enforcement. The U.S. Department of Justice, in collaboration with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the Commodity Futures Trading Commission (CFTC), has imposed record-breaking fines and unprecedented measures on Binance. Binance's penalties include civil fines totaling $4.3 billion, with $3.4 billion allocated to FinCEN over violations of U.S. anti-money laundering laws and an ... (full story)