US authorities set to unveil settlement with Binance -source

FILE PHOTO: Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) -U.S. government authorities are expected to unveil a settlement with Binance Holdings on Tuesday, resolving a years-long investigation into the world's largest crypto exchange, according to a source familiar with the matter.

The deal, which will include charges against individuals and resolve allegations of violations of the Bank Secrecy Act and other U.S. laws, involves multiple U.S. agencies: the Justice Department, the Commodity Futures Trading Commission and the Treasury Department's Financial Crimes Enforcement Network, the source said.