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As the largest cryptocurrency exchange in terms of trading volume, Binance significantly influences the crypto market. When a coin gets listed on Binance, it often experiences a sharp increase in price, which can be amplified by favorable market conditions.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed a hefty fine on cryptocurrency exchange giant Binance for non-compliance with money laundering regulations. The action was the result of findings from a compliance activity conducted in 2023.

India’s enforcement authority has seized roughly 90 crores ($10.5 million) from an online scam app called E-Nuggets, in a crackdown involving major cryptocurrency exchanges like Binance, ZebPay, and WazirX.

Changpeng Zhao, the former CEO of Binance, has been sentenced to four months in prison in Seattle after pleading guilty to money laundering charges. The sentencing took place on Tuesday, during which Zhao expressed remorse and took responsibility for his actions.

In 2024, Binance Australia continues to shape the cryptocurrency landscape, offering innovative trading solutions and comprehensive support for Australian traders. This article explores its services, regulatory compliance, and what makes it a top choice for crypto enthusiasts in Australia.