Five Things You Need to Know to Start Your Day: Asia

Good morning. Changpeng Zhao gets four months in prison. Traders await Fed rate decision. Amazon cloud sales boost earnings. Here’s what’s moving markets. — Isabelle Lee

Binance founder Changpeng Zhao was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange. Zhao was sentenced Tuesday by US District Judge Richard Jones in Seattle. The outcome closes a long-running probe for the Justice Department, which had sought to make an example out of Zhao to an industry rebounding from a slew of high-profile scandals. Zhao has already paid a $50 million fine and stepped down as CEO as part of a plea deal with the government in November. Binance also pleaded guilty to anti-money laundering and sanctions law violations, agreeing to pay a $4.3 billion penalty and appoint an independent monitor to oversee compliance at the company.