Like Nigeria, Binance runs into trouble in Canada, gets $4.38m fine
Canada’s financial watchdog, the Financial Transactions and Reports Analysis Centre (FINTRAC), has imposed a $6 million fine on Binance, a prominent cryptocurrency platform, for breaching the nation’s laws on money laundering and terrorist financing. The penalty, valued in Canadian dollars, translates to approximately $4.38 million USD. In a recent statement, FINTRAC revealed that Binance failed … Read more