Binance is negotiating with the U.S. Department of Justice to potentially eliminate key oversight requirements in its $4.3 billion settlement agreement

ChainCatcher news, according to Bloomberg, Binance is negotiating with the U.S. Department of Justice to possibly eliminate key oversight requirements in its $4.3 billion settlement agreement.

Insiders revealed that federal prosecutors are discussing the requirement for maintaining an external compliance monitor with Binance. Previously, Binance faced related charges for allegedly insufficient measures in preventing money laundering. The Department of Justice had previously canceled oversight arrangements for several companies due to high costs and operational impacts.