Binance Leaves Canada, Says Regulation ‘No Longer Tenable’

Автор admin Опубликовано Май 15, 2023

iHold.com

Cryptocurrency exchange Binance is leaving the Canadian market, saying the local regulation is “no longer tenable.” In a tweet announcement, the exchange said it was trying to find “other reasonable avenues” to offer services to Canadian users.

Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace.

We would like to thank those regulators who worked with us collaboratively to address the needs of Canadian users.…

— Binance (@binance) May 12, 2023

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Binance noted new regulation related to stablecoins and investor limits provided to crypto exchanges makes it impossible for the exchange to offer services in Canada. The company added:

“While we do not agree with the new guidance, we hope to continue to engage with Canadian regulators aimed at a thoughtful, comprehensive regulatory framework.”

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In February, the Canadian Securities Administrators (CSA) required all crypto businesses to fill pre-registration with a detailed description of how clients’ funds are stored and segregated. The CSA also banned offering margin, credit, or other forms of leverage to any Canadian client.

Coinbase said it is negotiating with Canadian regulators to obtain a license to continue its operations in the country. Gemini also filed a pre-registration undertaking with the Ontario Securities Commission. It is unclear, why Binance decided to exit the Canadian market.

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Источник: ru.ihodl.com

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adv.rbc.ru Крипто Телеканал Pro Инвестиции Мероприятия РБК+ Новая экономика Тренды Недвижимость Спорт Стиль Национальные проекты Город Крипто Дискуссионный клуб Исследования Кредитные рейтинги Франшизы Газета Спецпроекты СПб Конференции СПб Спецпроекты Проверка контрагентов РБК Библиотека Подкасты ESG-индекс Политика Экономика Бизнес Технологии и медиа Финансы РБК Компании … Скрыть баннеры

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