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Binance Slapped With $4.4 Million Fine By Canadian Government

  • Binance, the world's largest crypto exchange, has been fined $4.4 million by the Canadian government.
  • The fine is a result of Binance's failure to comply with anti-money laundering rules and registrations as a foreign money services business.
  • Binance also failed to report large virtual currency transactions exceeding $10,000 CAD.
  • This fine comes after Binance's co-founder, Changpeng Zhao, was recently sentenced to four months in prison for AML violations.

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