Binance Appeals $4.4M FINTRAC Fine and Plans Canadian Market Exit in 2023

Binance is currently disputing a hefty $4.4 million fine imposed by Canada’s financial watchdog, FINTRAC, over allegations of AML and CFT violations. The exchange argues that its services were not aimed at Canadians, thus challenging the legitimacy of the fine. In light of increased regulatory pressures, Binance has announced its exit from the Canadian market

Source: CoinOtag