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<ul class="news-points"> 
 <li><strong>Binance founder Changpeng Zhao will stay in the United Arab Emirates awaiting sentencing scheduled for next year.</strong></li> 
 <li><strong>The court permitted Zhao’s stay after he pleaded, citing good faith shown through voluntary U.S. appearances.</strong></li> 
 <li><strong>Zhao expressed a desire to close the chapter in his life, highlighting his clean record.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/tag/Changpeng-Zhao/">Binance founder Changpeng Zhao</a> will be permitted to remain in the United Arab Emirates while awaiting sentencing scheduled for next year. The concession came after Zhao pleaded guilty to violating U.S. anti-money laundering laws, resulting in a $4.3 billion settlement and his resignation.</p> 
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   <p lang="en" dir="ltr">CZ will be allowed to live in the UAE while he awaits sentencing. It was a “very close call” as to whether he would be allowed to go back to the UAE. CZ had to speak himself to convince the court. CZ must return to the USA 14 days prior to his sentencing. The transcript extract…</p>— BitMEX Research (@BitMEXResearch) <a href="https://twitter.com/BitMEXResearch/status/1727110917999980757?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 21, 2023</a>
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<p>The details of the court proceedings were revealed in a tweet by BitMEX Research, shedding light on the delicate balance that determined CZ’s temporary residence.</p> 
<p>Addressing the court, he stated, “I want to close the issue and …</p>
<p>The post <a href="https://coinedition.com/binance-ceo-granted-residency-in-uae-amidst-legal-proceedings/">Binance CEO Granted Residency in UAE Amidst Legal Proceedings</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance CEO Granted Residency in UAE Amidst Legal Proceedings

Coin Edition

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