FINTRAC also said that, between June 1, 2021 and July 19, 2023 Binance failed to report 5,902 crypto transactions bigger than $10,000 and their attached know-your-customer (KYC) information to the regulator. The agency discovered the violations using blockchain explorer tools.
Crypto Exchange Binance Fined C$6M ($4.3M) by Canadian Financial Regulator FINTRAC for ‘Administrative Violations’
