TORONTO — Binance Holdings Ltd. is appealing a $6-million fine imposed on the company by Fintrac, the federal anti-money laundering agency.
In its appeal to the Federal Court , the cryptocurrency exchange company says it does not direct its services at those in Canada and any involvement in the Canadian market is incidental to its global business.The company announced last year that it would withdraw from the Canadian market, citing regulatory concerns.
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Steve Ballmer was hired as Bill Gates' assistant in 1980, became Microsoft CEO in 2000, and retired a decade ago with a hugely valuable 4% stake.The Canadian dollar edged higher against its U.S. counterpart on Monday as investors awaited further insight into the Bank of Canada's move to cut interest rates and after speculators raised their bearish bets on the currency to a record high level.
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