Federal prosecutors are pushing for a tougher 3-year prison term for Binance founder and former CEO Changpeng “CZ” Zhao in connection with his role in the global cryptocurrency exchange’s violation of sanctions and money laundering laws.

CZ Faces 3-Year Jail Time

Per a sentencing memo filed on April 23 to the U.S. district court for the Western District of Washington., attorneys for the Department of Justic...