Crypto Exchange Binance Fined C$6M ($4.3M) by Canadian Financial Regulator FINTRAC for ‘Administrative Violations’

May 9, 2024

FINTRAC also said that, between June 1, 2021 and July 19, 2023 Binance failed to report 5,902 crypto transactions bigger than $10,000 and their attached know-your-customer (KYC) information to the regulator. The agency discovered the violations using blockchain explorer tools.

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