| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Binance, the world’s largest cryptocurrency exchange, has been fined $4.4 million by Canadian authorities for rule violations.
- The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed a fine of approximately 6 million Canadian dollars ($4.38 million) on Binance for violating anti-money laundering and terrorist financing laws.
- Despite several warnings from FINTRAC, Binance failed to register itself as a foreign money services business.
Binance, the leading cryptocurrency exchange, faces a hefty fine from Canadian authorities for regulatory violations. The fine underscores the increasing scrutiny of crypto platforms by global regulators.
Binance Hit with $4.4 Million Fine
According to a report by Reuters, Binance, the world’s largest cryptocurrency exchange, has been fined $4.4 million by Canadian authorities for rule violations. This development marks another instance of regulatory scrutiny faced by the crypto giant, which has been under the lens of authorities worldwide.
Violation of Anti-Money Laundering and Terrorist Financing Laws
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced today that it has imposed a fine of approximately 6 million Canadian dollars ($4.38 million) on Binance. The penalty comes as a result of the crypto exchange’s violation of anti-money laundering and terrorist financing laws. Despite several warnings from FINTRAC, Binance failed to register itself as a foreign money services business, leading to this significant fine.
Binance’s Withdrawal from Canada
It’s worth noting that Binance had ceased its operations in Canada last year. The decision to exit the Canadian market was made amidst growing regulatory pressure on the exchange. However, the recent fine indicates that the regulatory concerns surrounding Binance are far from over.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
The hefty fine imposed on Binance by Canadian authorities underscores the increasing regulatory scrutiny faced by cryptocurrency platforms worldwide. As the crypto industry continues to grow, it becomes increasingly important for exchanges like Binance to comply with global financial regulations to ensure a secure and transparent trading environment for users.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
