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Former Binance CEO Sentenced to Four Months in US Prison for Money Laundering Breaches

Washington: The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world’s largest cryptocurrency exchange platform late last year as part of…

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Prime Minister Shehbaz Sharif of Pakistan Discusses on a New Loan Program with IMF Chief

Islamabad: Pakistan Prime Minister Shehbaz Sharif discussed a new loan programme with IMF Managing Director Kristalina Georgieva on Sunday, his office said in a statement. Shehbaz Sharif and Kristalina Georgieva met on the sidelines of the World Economic Forum in Riyadh. Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund…

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Italy Slaps Amazon with 10 Million Euro Fine Over Alleged Unfair Commercial Practices

Milan: Italy’s antitrust authority has fined two subsidiaries of Amazon 10 million euros ($10.70 million) for alleged unfair commercial practices, the regulator said on Wednesday. According to the watchdog, Amazon has “significantly restricted consumers freedom of choice” by automatically pre-setting the ‘Subscribe&Save’ option, for regular scheduled deliveries rather than one-off purchases, for a wide selection of…

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