{"id":610561,"date":"2023-11-22T00:00:00","date_gmt":"2023-11-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/"},"modified":"2023-11-22T00:00:00","modified_gmt":"2023-11-22T00:00:00","slug":"cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/","title":{"rendered":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case"},"content":{"rendered":"

Good morning, ladies and gents:<\/strong> Before we get started, a quick programming note\u2026<\/p>\n

We\u2019re taking a publication holiday tomorrow <\/strong>(Thursday, 22 November) to allow our team to work ahead on a couple of new projects \u2014 and to get a bit of extra shuteye. EnterpriseAM, EnterprisePM, Enterprise Climate, and Enterprise Logistics will all be off, but our Weekend Edition will appear as usual on Friday morning. We\u2019ll be back to our customary schedule on Sunday. Happy Thanksgiving <\/strong>to all of our readers celebrating. <\/p>\n

WATCH THIS SPACE-<\/strong><\/p>\n

<\/a> We\u2019re hoping for news today and tomorrow of additional Gulf investment in Egypt<\/strong>, particularly in manufacturing, real estate, and tourism, as the EGY-GCC Business Forum<\/a> kicks off today. The gathering, which wraps tomorrow, is expected to be well-attended by Gulf and Egyptian business leaders.<\/p>\n

Saudi investors have over 150 Egyptian projects to pick and choose from: <\/strong>The Madbouly government showcased over 150 investment ideas to Saudi investors yesterday during the Saudi-Egyptian Business Council, head of the Trade Ministry\u2019s Commercial Representation Authority Yehia El Wathek Bellah told Al Arabiya (watch, runtime: 4:49)<\/a>. Saudi Minister of Commerce Majid Al Qasabi had a bullish outlook on future business and trade between the two countries as obstacles facing Saudi investors are being addressed, he said in an interview with Al Arabiya<\/a> yesterday. <\/p>\n

It\u2019s already been a pretty good week on that front:<\/strong> Units of Saudi Arabia\u2019s Fawaz Abdulaziz Alhokair Company (Alhokair) could invest as much as USD 1.5 bn<\/a> in Egypt next year. Meanwhile, Al Lami Holding Group and Batterjee<\/a> are eyeing separate investments worth more than a combined USD 555 mn in our tourism, real estate, and pharma sectors. <\/p>\n

SMART POLICY-<\/strong><\/p>\n

#1-<\/strong>e-KYC coming next year? <\/strong>The Central Bank of Egypt (CBE) plans to roll out e-KYC, or an electronic know-your-customer process, deputy assistant governor of the CBE Ehab Nasr told Asharq Business<\/a>, without mentioning a timeframe. However, Al Mal<\/a> reports that the system should be in place by 3Q 2024.<\/p>\n

It\u2019s huge news for banks <\/strong>and other players in the financial services industry who are desperate to move away from wet signatures. A switch to e-KYC allows current and potential customers to verify their identities online \u2014 getting low-value transactions out of branches (if you\u2019re the bank) and saving you the hassle of driving to, parking, and queuing at the branch (if you\u2019re the customer). <\/p>\n

Remember:<\/strong> The central bank in 2020 introduced streamlined light KYC regulations<\/a> that paved the way for banks to use an agent to onboard customers using only each individual\u2019s national ID.<\/p>\n

#2- An app for opening bank accounts remotely? <\/strong>The CBE also plans to launch a new mobile app next year that will allow users to open bank accounts online from anywhere in the world, according to another report from Asharq Business<\/a>, citing who it says to be a government official. The app will be managed by the Digital Financial Identity Company (DFIC), the source added. The CBE is helping set up DFIC with EGP 275 mn in capital, or a 55% stake, according to the bank\u2019s FY 2022-23 financials (pdf)<\/a>.<\/p>\n

The CBE is making strides on the digital inclusion front: <\/strong>The bank in March 2022 launched<\/a> its digital payment platform InstaPay after issuing regulations<\/a> for the instant payment network (IPN) back in 2021. The app \u2014 which provides instant payments between Egyptian banks, Meeza cards, and mobile wallets \u2014 has seen its user base grow 82% over the past eight months to over 4 mn users<\/a>.<\/p>\n

Uhm, can we be greedy and ask for more? <\/strong>If we can speak on behalf of our friends in the banking community to our friends at the CBE: It would be most awesome if we could move to digital record storage, too, rather than requiring banks to store hard copies of records. <\/p>\n

HELP GAZA-<\/strong><\/p>\n

<\/a> Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than 1 mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century.<\/p>\n

The folks at Talabat are processing donations for a range of Gaza relief appeals <\/strong>by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.<\/p>\n

Or check out <\/strong>our list of charities<\/a><\/strong> to which you can make direct donations<\/strong> via bank deposit and \/ or Fawry.<\/p>\n

HAPPENING TODAY-<\/strong><\/p>\n

<\/a>#1- Shoukry & Co. head to London and Paris: <\/strong>Foreign Minister Sameh Shoukry and the rest of the delegation of Arab and Islamic officials are heading to the UK and France today to press officials to back a ceasefire on Gaza, according to Turkish media<\/a>. The delegation is visiting the five permanent members of the UN Security Council in a bid to build momentum for a ceasefire, and has so far visited Beijing and Moscow. We have more on yesterday\u2019s talks with Russian officials in this morning\u2019s War Watch, below.<\/p>\n

#2- MERIS may be getting some competition: <\/strong>Today is the last chance to apply for a credit rating license from the FRA after it loosened<\/a> requirements last year.<\/p>\n

#3- It\u2019s the last day of payment and fintech conference <\/strong>Pafix<\/a><\/strong> today<\/strong> as part of Cairo ICT<\/a><\/strong><\/a><\/strong>2023<\/a><\/strong>at the Egypt International Exhibition Centre in New Cairo.<\/p>\n

HAPPENING TOMORROW-<\/strong><\/p>\n

#1- The Bahrainis are in town: <\/strong>A Bahraini government delegation will land in Cairo tomorrow to kick off the Egyptian-Bahraini Government Committee\u2019s first session. Finance Minister Mohamed Maait and his Bahraini counterpart Salman Bin Khalifa Al Khalifa are set to discuss trade, economic, scientific, and technological cooperation, according to the Finance Ministry readout<\/a> yesterday<\/p>\n

#2- Even more Saudi real estate investment incoming?<\/strong> Tomorrow\u2019s Saudi Egyptian Real Estate Investment Conference in Riyadh with industry insiders and government policy makers from both countries will focus on opening up Saudi investment potential in Egypt and utilizing our real estate know-how, according to a statement picked up by Zawya<\/a>.<\/p>\n

#3- Education, Education, Education: <\/strong>The Worldview Education Fair<\/a> is kicking offon Friday with representatives for 20 universities and business schools looking for bright and eager students to enroll.<\/p>\n

<\/p>\n

THE BIG STORIES ABROAD-<\/strong><\/p>\n

#1-<\/strong>Dominating the global news agenda this morning:<\/strong> The Israeli government has agreed a hostage swap pact with Hamas that will see a four-day pause in the fighting, at least 50 Israeli hostages released, and 150 Palestinian detained freed. We have the full story in this morning\u2019s War Watch below. (Associated Press<\/a> | Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | New York Times<\/a> | Washington Post<\/a> | Wall Street Journal<\/a> | BBC<\/a>)<\/p>\n

<\/a> #2- This morning in corporate crime: The CEO of the world\u2019s largest crypto exchange pleads guilty to money laundering:<\/strong>Binance CEO Changpeng Zhao (known as CZ in the crypto world) has stepped down and pleaded guilty to breaching anti-money laundering laws in the US in what was described by prosecutors as one of the heftiest corporate penalties in US history, according to statements from the US Treasury<\/a> and Justice Department<\/a> yesterday. The company has agreed to pay a USD 4.3 bn settlement to the government, and completely exit the US.<\/p>\n

The charges:<\/strong> Binance failed to report over 100k suspicious transactions with organizations including Hamas, Al Qaeda, and ISIS. The crypto platform also failed to report transactions with websites selling child abuse content and was one of the biggest recipients of spoils from hackers using ransomware.<\/p>\n

Another crypto king dethroned:<\/strong> FTX founder Sam Bankman-Fried is now looking at up to 115 years in prison<\/a> after being found guilty of seven counts of criminal fraud<\/a> earlier this month, including stealing from customers on his platform.<\/p>\n

Zhao will likely serve no more than 18 months in prison <\/strong>as part of a plea agreement, despite facing a sentence of up to 10 years.<\/p>\n

The news is the big story in the business press this morning:<\/strong>Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | CNBC<\/a> | Wall Street Journal<\/a>.<\/p>\n

#3- OpenAI board is buckling under pressure to bring back Altman:<\/strong> OpenAI\u2019s board is in talks with Sam Altman to bring the highly-popular ex-CEO back to the company, just days after deciding to fire him, Bloomberg<\/a> and The Washington Post<\/a> reported the news, citing sources they say are familiar with the matter. Nearly all of the company\u2019s 700 employees have reportedly threatened<\/a> to leave if Altman is not reinstated. <\/p>\n

HAPPENING SOON<\/strong><\/p>\n

#1- Will they, won\u2019t they? OPEC+ oil production cuts edition: <\/strong>OPEC+ member states are meeting on Sunday to discuss how the cartel of oil-producing nations will respond to falling oil prices and how new economic realities could further stifle demand. The bloc\u2019s production cuts are expected to be prolonged to at least the group\u2019s meeting and there\u2019s also talk of an additional 1 mn barrels per day cut, according to industry insider chatter picked up by the Financial Times<\/a>. <\/p>\n

<\/a> #2- COP28 is only a week away: <\/strong>The countdown to COP28<\/a> has begun as global leaders in climate, policy, and business prepare for 13 days of intense negotiations in Dubai to save our planet from climate catastrophe running from 30 November to 12 December. The conference will embark on wrapping up its first Global Stocktake (GST) of the progress (or lack thereof) we have collectively made since 2015\u2019s landmark Paris Climate Accords where we agreed to limit global warming to well below 2 degrees Celsius. Expect to see Egypt pushing its landmark<\/a> \u201cjust financing\u201d policy that it unveiled at last year\u2019s conference in Sharm El Sheikh.<\/p>\n

\n
\n
\n
\n

\n Get Enterprise<\/b> daily
\n <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

MARKET WATCH-<\/strong><\/p>\n

Fed looks set to hold rates as they are, but is still erring on the side<\/strong> of caution<\/strong>: The Federal Reserve showed \u201clittle urgency\u201d for another rate hike according to minutes from an official meeting this week cited in the Financial Times<\/a>. Officials were keen to emphasize, however, that future rate decisions are still heavily data-dependent and that policy would \u201cremain at a restrictive stance for some time until inflation is clearly moving down sustainably towards the committee\u2019s\u201d 2% target.<\/p>\n

Remember<\/strong>: The Fed decided to hold rates steady for the second consecutive time this month, plateauing at a 22-year high of 5.25-5.5% after an aggressive monetary tightening cycle that began in March of last year in the wake of Russia\u2019s invasion of Ukraine.<\/p>\n

CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

The <\/strong>Egypt Defense Expo (EDEX)<\/a><\/strong> will be firing off from 4 to 7 December:<\/strong> Around 35k defense and security professionals from across the world will land down in Cairo next month for the biennial event at the Egypt International Exhibition Center.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>We take a look at how the Madbouly government is looking to the private sector next year to develop our sports infrastructure ahead of our planned Olympics bid. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, ladies and gents: Before we get started, a quick programming note\u2026 We\u2019re taking a publication holiday tomorrow (Thursday, 22 November) to allow our team to work ahead on a couple of new projects \u2014 and to get a bit of extra shuteye. EnterpriseAM, EnterprisePM, Enterprise Climate, and Enterprise Logistics will all be off, […]<\/p>\n","protected":false},"author":1,"featured_media":610562,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[1373,344,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-binance","tag-cryptocurrency","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"1f899c6c-12fb-4e3d-93d2-4da3fa462a01","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/11\/1229.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case","related_issue":[610559],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.550aaf9a-a12a-4a9d-8e77-22fb0a451e59.mp3"},"yoast_head":"\nCZ, head of crypto giant Binance, steps down after guilty plea in money laundering case - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gents: Before we get started, a quick programming note\u2026 We\u2019re taking a publication holiday tomorrow (Thursday, 22 November) to allow our team to work ahead on a couple of new projects \u2014 and to get a bit of extra shuteye. EnterpriseAM, EnterprisePM, Enterprise Climate, and Enterprise Logistics will all be off, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case\",\"datePublished\":\"2023-11-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\"},\"wordCount\":1851,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Binance\",\"cryptocurrency\",\"EnterpriseAM\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\",\"name\":\"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/","og_locale":"en_US","og_type":"article","og_title":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case","og_description":"Good morning, ladies and gents: Before we get started, a quick programming note\u2026 We\u2019re taking a publication holiday tomorrow (Thursday, 22 November) to allow our team to work ahead on a couple of new projects \u2014 and to get a bit of extra shuteye. EnterpriseAM, EnterprisePM, Enterprise Climate, and Enterprise Logistics will all be off, […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-11-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case","datePublished":"2023-11-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/"},"wordCount":1851,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1","keywords":["Binance","cryptocurrency","EnterpriseAM","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/","name":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1","datePublished":"2023-11-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/22\/cz-head-of-crypto-giant-binance-steps-down-after-guilty-plea-in-money-laundering-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CZ, head of crypto giant Binance, steps down after guilty plea in money laundering case"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1229.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":577120,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/this-morning-its-science-day-at-cop27-the-crypto-markets-are-tanking-this-morning\/","url_meta":{"origin":610561,"position":0},"title":"THIS MORNING: It\u2019s Science Day at COP27 + the crypto markets are tanking this morning","author":"enterpriseam admin","date":"10 November 2022","format":false,"excerpt":"Good morning, friends, and welcome to the final workday of the week \u2014 at least for those of you who are not in Sharm, where tomorrow is not the weekend, but instead decarbonization day. Have heart: COP27 takes a mandatory one-day break on Sunday. It\u2019s another big day of business\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652361,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/the-enterprise-ceo-poll-launches-tomorrow\/","url_meta":{"origin":610561,"position":1},"title":"The Enterprise CEO Poll launches tomorrow","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"*** Our first-ever Enterprise CEO Poll runs tomorrow through Thursday, with a dozen of the nation\u2019s top chief executive officers offering their thoughts on what to expect in 2017. The poll runs over four days, with at least three CEOs per day and will replace our industry news section for\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/what-were-tracking-on-6-january-2021\/","url_meta":{"origin":610561,"position":2},"title":"What we\u2019re tracking on 6 January 2021","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Merry Christmas to everyone who will be celebrating today and tomorrow \u2014 we wish you a beautiful, relaxing day with family and friends. Banks and the EGX are closing their doors tomorrow in observance of the national holiday, the Central Bank of Egypt and EGX said. We\u2019re also off tomorrow\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553205,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/26\/this-evening-house-signs-off-on-agriculture-act-and-other-bills-is-musk-finally-going-to-acquire-twitter\/","url_meta":{"origin":610561,"position":3},"title":"THIS EVENING: House signs off on Agriculture Act and other bills + Is Musk finally going to acquire Twitter?","author":"enterpriseam admin","date":"26 October 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy almost-THURSDAY. The news cycle is taking a bit of a breather on the local front after the three-day Egypt Economic Conference gave us a very busy start to the week.THE BIG STORY TODAY The House of Representatives gave its final approval to a\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598736,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/what-were-tracking-on-03-june-2019\/","url_meta":{"origin":610561,"position":4},"title":"What we\u2019re tracking on 03 June 2019","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"It\u2019s official: We\u2019re on Eid break as of tomorrow morning \u2014 but you may still be fasting. Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557035,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/this-morning-its-pmi-day-egyptair-flights-to-kuwait-return-today-enterprise-bupa-poll-lands-tomorrow\/","url_meta":{"origin":610561,"position":5},"title":"THIS MORNING: It\u2019s PMI day; EgyptAir flights to Kuwait return today; Enterprise Bupa poll lands tomorrow","author":"enterpriseam admin","date":"5 September 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to the first full week of September. How is it already the fifth of the month? We\u2019ve always loved the back-to-school, plan-for-the-new-year vibe of the ninth month of the year \u2014 and we love it doubly because we\u2019re going back to the office three\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=610561"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610561\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610562"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610561"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610561"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}