Binance exits Canadian market over regulatory tensions.

1 min read
Source: Engadget
Binance exits Canadian market over regulatory tensions.
Photo: Engadget
TL;DR Summary

Binance, the world's largest cryptocurrency exchange, is withdrawing from the Canadian marketplace due to new stablecoin and investor limits in the country. The Canadian Securities Administrators (CSA) released new guidance that requires crypto trading platforms to register or leave. Binance will have to pass authorities' due diligence checks before it gets approval. The crypto exchange has been under intense scrutiny in North America over the past years. Binance said it hopes to continue engaging with Canadian authorities when it comes to forming a "thoughtful, comprehensive regulatory framework."

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