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Will there be a change in leadership at Binance by the end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official Binance announcements or credible business news outlets
Story
Binance Fined $4.4 Million by Canada for AML Breaches
May 9, 2024, 04:03 PM
Binance Holdings, a prominent cryptocurrency exchange, has been fined a total of C$6 million (US$4.4 million) by Canada's financial watchdog, FinTRAC, for failing to comply with anti-money laundering regulations. The fine was imposed due to Binance's breaches in money-laundering protections and its failure to register as a foreign money services business, along with neglecting to report at least one significant cryptocurrency transaction.
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CEO steps down • 33%
New Chief Legal Officer appointed • 33%
No major executive changes • 34%
