PANews June 20 news, according to Cointelegraph, according to a document submitted to the Canadian Federal Court system on June 5, Binance has appealed against the $4.4 million fine imposed by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). In May of this year, FINTRAC fined Binance 6 million Canadian dollars (about 4.4 million US dollars) because Binance failed to register as a foreign money service business and failed to report virtual currency transactions exceeding 10,000 Canadian dollars. Binance stated in the appeal that it did not provide services directly to Canadian residents and announced its withdrawal from the Canadian market in May 2023.