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

According to ChainCatcher, Binance is negotiating with the U.S. Department of Justice to cancel key oversight requirements in its $4.3 billion settlement, according to Bloomberg. Federal prosecutors are discussing with Binance about the requirement to maintain external compliance supervisors, people familiar with the matter said. Binance has faced charges for being accused of not doing enough to prevent money laundering. The Justice Department has previously canceled the supervision arrangements for several companies because of their high costs and impact operations.