Binance co-founder Changpeng Zhao says crypto industry has 'entered a new phase'

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Binance co-founder Changpeng Zhao thanked his supporters and reiterated the importance of compliance following his sentencing.

Binance co-founder Changpeng Zhao, commonly known as CZ, expressed his thanks to his supporters following his sentencing to four months in prison over breaking compliance rules.

Zhao was sentenced in Seattle on Tuesday after pleading guilty to anti-money laundering violations. He has also agreed to pay a $50 million fine.

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