Canadian regulator fines Binance $4.4M for AML and CFT violations
FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.
FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.
Original source
Read on CointelegraphRelated market context
UK financial regulator plans to impose larger fines, with crypto firms in the crosshairs
The FCA's aggressive stance may deter risky financial practices, impacting crypto market dynamics and investor confidence in the U...
Experts Claim July 4 CLARITY Act Signing Is “Realistically Impossible”, What Happens to Crypto Now?
The Howey test is still the operative legal standard for digital asset classification Clarity ACT in the United States. The CLARIT...
83% of Europe Crypto Firms Have Not Secured MiCA Licenses, And the July 1 Deadline Is Days Away
The Europe MiCA transitional period expires July 1, 2026. Of the 1,200+ crypto firms that previously held national VASP registrati...
Crypto News, June 15: Iran Peace Deal Roars Bitcoin, Japan $6.4 Billion Crypto ETF Market, WLFI and White House UFC Match
We woke up to a rare Bitcoin green candles as Trump’s Iran peace deal pumps the market, while Japan crypto ETF preparations show b...
Spain’s CNMV Issues Urgent Warning Ahead of June 30 MiCA Crypto Deadline
The regulator stressed that, starting next July, VASPSs that had not received authorization to operate in the country will have to...
Iran claims US deal allows fees for maritime services in Strait of Hormuz, with tolls reportedly payable in Bitcoin
Iran's crypto tolls in the Strait of Hormuz could reshape global oil trade dynamics and challenge regulatory frameworks in crypto...