Binance expects to pay a fine to get regulators off its back after Kraken stumped up $30 million for just that

• Binance, the world's biggest crypto exchange, expects to pay a fine to settle an investigation into its compliance practices.
• Crypto firm Kraken stumped up $30 million this week to settle with a different regulator, the SEC.
• It's still a "very confusing time" for Binance to understand how U.S. regulators want to oversee the crypto market, its CSO said.

Binance expects to pay a fine to settle an investigation by law enforcement and regulators, a report says, as one of its executives decried a "very confusing time" for the industry.