India, Oct. 23 -- US President Donald Trump has used his special powers to pardon Binance's Changpeng Zhao, founder of the world's largest cryptocurrency exchange, who was convicted and served jail time for money laundering via his platform.

Changpeng Zhao has deep ties to World Liberty Financial, a crypto venture that the Republican president and his sons Eric Trump and Donald Trump Jr. launched in September, news agency AP reported.

Trump's most recent financial disclosure report says he made more than $57 million last year from this venture, which has launched 'USD1', a 'stablecoin' form of crypto or virtual currency that's pegged at a 1-to-1 ratio to the US dollar.

World Liberty Financial also recently announced that an investment ...