Binance to appeal $4.4 million fine imposed by Canadian regulator

THE cryptocurrency exchange announcement plans has exit THE canadian walk In 2023 but can always confront enforcement action Since local regulators.

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Cryptocurrency exchange Binance has deposit A call For A $4.4 million GOOD imposed by THE Financial Transactions And Reports Analysis Center of Canada (FINTRAC) In May.

In A June 5 deposit In Canada Federal Court system, Binance Assets Limit deposit A notice of statutory call against THE director of FINTRAC on allegations of noncompliance with Anti-money Whitening (AML) And To counter THE Funding of Terrorism (CFT) regulations. THE regulator announcement on Can 9 that he had fined Binance more that 6 million GUJAT — roughly $4.4 million — For violations including failure has register as A stranger money services business And report digital currency transactions that exceeds $10,000.

Binance would have