Binance, the world's largest cryptocurrency exchange, will pay more than $4 billion in a plea agreement with the U.S. government, FOX Business has confirmed.&nbsp;

Binance faces multiple criminal charges including conducting an unlicensed money transmitting business, a conspiracy charge and violating the international emergency economic powers act, court records show.

Prosecutors said CEO Changpeng Zhao will plead guilty to violating and causing a financial institution to violate the Bank Secrecy Act and has agreed to pay a $50 million fine, which will be credited against sums paid to the Commodity Futures Trading Commission.

<i>This is a developing story and will be updated. Fox Business' Susan Li contributed to this report.&nbsp;</i>

Binance CEO Changpeng Zhao will plead guilty to multiple criminal charges and the cryptocurrency exchange will pay more than $4 billion in a plea deal with the U.S. government.{ai:summary}<p>Binance, world's largest crypto exchange, to pay over $4 billion in plea agreement with US gov. CEO to plead guilty and pay $50 million fine. #crime</p>

World's largest cryptocurrency exchange Binance to pay $4B, founder to plead guilty to breaking US law

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