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Binance Fined Over $4 Million in Canada for Money Laundering Violations
10.5.2024
Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approximately $4.4 million, was levied after Binance...
Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC
9.5.2024
Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...
Binance Lawsuit in Canada Following Securities Law Violation Allegations
23.4.2024
Cryptocurrency exchange Binance has been slapped with a new class-action lawsuit in Canada following allegations of security law violations.
The post Binance Lawsuit in Canada Following Securities Law Violation Allegations appeared first on Cryptonews
Canadian BTC exchange partners with Costa Rica’s largest fiat payment system
14.9.2023
Bull Bitcoin forms a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin Jungle, a local crypto wallet solution
Binance to Withdraw From Canadian Market Due to Regulatory Climate
13.5.2023
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance...
Binance Says Farewell to Canada Following New Guidance Implementing Restrictions on Exchanges
12.5.2023
Binance is pulling out of Canada.
The world’s largest crypto exchange said on Twitter that it was withdrawing from the country due to new guidance about stablecoins and limits to investors.
“We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian...
Coinbase Aims to Stay in Canada; Binance Could Be Poised to Exit Amid Regulatory Shakeup
29.3.2023
The moves come as the country tightens rules for cryptocurrency exchanges
Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News
2.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News
Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News
21.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News
Binance Informs Canadian Regulator It’s ‘Committed’ to Ceasing Crypto Trading Services in Ontario
21.3.2022
Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency...
Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’
1.1.2022
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed...