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Binance pulls out of Canada amid new crypto regulations
source link: https://fintechranking.com/2023/05/12/binance-pulls-out-of-canada-amid-new-crypto-regulations/
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Binance pulls out of Canada amid new crypto regulations
Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations.
Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to the rules will face potential enforcement action, according to the website of the Ontario Securities Commission.
Read more: Reuters
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