Odaily Planet Daily News Binance appealed against the decision of the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) to impose a $4.4 million fine on it. Binance said that it does not provide services to Canadian residents and announced in May 2023 that it would withdraw from the Canadian market. FINTRAC's decision has nothing to do with the legal disputes Binance faces in other countries. (Cointelegraph) Earlier on May 10, Canadian regulators fined Binance 6 million Canadian dollars (US$4.3 million) on the grounds that the cryptocurrency trading platform violated the country's financial regulations twice. The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) stated that despite providing Binance with multiple opportunities, it failed to register as a foreign money service business. In addition, between June 1, 2021 and July 19, 2023, Binance failed to report 5,902 cryptocurrency transactions with an amount exceeding US$10,000 and the accompanying KYC information to regulators.