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International Business Times

Business

Nica Osorio

US Judge Blocks Binance's CZ Again From Traveling To UAE

Changpeng Zhao Binance United States UAE SEC Richard Jones The United States DOJ

Changpeng Zhao (CZ), the founder and former CEO of Binance, which is currently the largest centralized cryptocurrency exchange platform in the world in terms of trading volume, faced a setback in his legal proceedings as a U.S. court has again rejected his motion to travel to the United Arab Emirates while he awaits sentencing in the United States for violating banking laws.

Following a court hearing in Seattle on Friday, Judge Richard Jones of the Western District of Washington denied Zhao's motion, which asked the court for permission to travel to the UAE, with the reasons and destination of his trip filed in court under seal.

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