Thursday, 20 June, 2024

Crypto Exchange Binance Penalized $2.25 Million by FIU

A regulatory crackdown results in a $2.25 million penalty imposed on a major crypto exchange by the Financial Intelligence Unit (FIU). The enforcement underscores heightened scrutiny on cryptocurrency platforms for compliance with financial regulations. This move aims to reinforce transparency and accountability in digital currency transactions amid growing concerns over regulatory compliance and financial security in the crypto industry.