Late last month, those years of brushing off US regulators caught up with the company in the form of one of the most punitive money-laundering criminal settlements in the history of the US Justice Department. What was once a haven for anarchic crypto commerce is about to be transformed into the opposite: perhaps the most fed-friendly business in the cryptocurrency industry, retroactively offering more than a half-decade of users’ transaction records to US regulators and law enforcement. Binance’s settlement agreements with the DOJ and the US Treasury Department also stipulate a strict new regime of data-sharing with law enforcement and regulators.

Source: US regulators will now have access to years of Binance transaction data