Binance’s Zhao Can’t Return to UAE for Now, US Judge Says (2)

Binance Holdings Ltd. co-founder Changpeng Zhao can’t return to his home in the United Arab Emirates for now, a federal judge in Seattle ruled.

US District Judge Richard Jones on Monday put on hold a ruling granting the billionaire’s request to return to the UAE following his guilty plea last week to US criminal charges but before his Feb. 23 sentencing. That order will remain in effect until Jones issues a decision on prosecutors’ motion to keep Zhao in the US through his sentencing.

The founder of the world’s largest cryptocurrency exchange pleaded guilty to failing to implement anti-money laundering ...