Crypto Change Binance Fined CM (.3M) by Canadian Monetary Regulator FINTRAC for ‘Administrative Violations’

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

by Jeremy

FINTRAC additionally stated that, between June 1, 2021 and July 19, 2023 Binance didn’t report 5,902 crypto transactions larger than $10,000 and their connected know-your-customer (KYC) info to the regulator. The company found the violations utilizing blockchain explorer instruments.

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