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Binance faces a $4.38 million fine in Canada.

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Binance faces a $4.38 million fine in Canada.

Canada's financial intelligence agency issued the fine after finding that Binance didn't comply with the country's anti-money laundering and terrorist financing laws. In April, Binance CEO Changpeng Zhao was sentenced to four months in US prison for not doing enough to prevent money laundering on the crypto exchange.

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Binance faces a $4.38 million fine in Canada.

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Binance faces a $4.38 million fine in Canada.

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