Binance Announces Exit from Canada, Citing Regulatory Tensions
The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Original Source
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Canada
Gemini files for pre-registration undertaking in Canada
On April 12, cryptocurrency exchange Gemini announced it filed a pre-registration undertaking with the Ontario Securities Commission (OSC), which oversees capital markets in Canada's most populous province. The undertaking is a prerequisite to becoming a restricted dealer in Canada and is necessary for all cryptocurrency exchanges wishing to conduct business
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Paxos set to withdraw from Canada amid regulatory uncertainty
Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian Market. The company released a statement on its website informing customers that they will no longer be able to transact from their Paxos accounts starting from June 2nd, except
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Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada
While the posting doesn’t mention boosted regulatory efforts, Canada did set a March 24 deadline for entities to commit to stricter requirements for crypto exchanges with a presence in the country. Some exchanges, including Coinbase and Gemini, have said they will remain active in Canada, while others like OKX, dYdX
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dYdX winds down Canada operations, more exchanges exit North America markets
The decentralized derivatives exchange, dYdX, announced on April 7 that it would no longer provide its services in Canada. As of April.7, the registration of new users was disabled. Current users can continue trading on the dYdX platform for the next week. After the April 14, they can only exit their
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Coinbase Hires Ex-Shopify Exec To Oversee Canada Operations
“We are investing significant resources in local Canadian innovation,” Coinbase said. “Additionally, our global leadership team will be making frequent trips to Canada to engage with regulators, partners, and the community, to better understand the Canadian market and its unique needs.” Source
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Kraken aims for restricted dealer registration in Canada to comply with new rules
Crypto exchange Kraken has filed a preregistration undertaking with the Ontario Securities Commission in Canada seeking restricted dealer status. U.S.-based Kraken is already active in Canada and is acting to comply with new guidance.Kraken is registered in Canada as a money services business and has been operating there for over
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Crypto Exchange Kraken Commits to Tougher Rules Required by Canada
Kraken has filed a pre-registration undertaking with the Ontario Securities Commission as it works towards becoming a registered Restricted Dealer in Canada. Source
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Coinbase Extends Its Commitment to Canada, Binance Plans to Exit
Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have
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Coinbase Aims to Stay in Canada; Binance Could Be Poised to Exit Amid Regulatory Shakeup
The moves come as the country tightens rules for cryptocurrency exchanges. Original Source
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