Binance Appeals $4.4 Million FINTRAC Fine, Disputes Claims of Targeting Canadian Market

Binance has lodged a statutory appeal against a hefty $4.4 million fine issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The penalty, totaling over 6 million CAD, was announced by FINTRAC due to alleged breaches of AML and CFT regulations by Binance. Binance argues that its compliance efforts were robust and

Source: CoinOtag