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Binance tells regulators it will cease operations in Ontario… for real this time -Breaking


Binance also confirmed that it will stop activities with Ontario residents in a Wednesday undertaking to Canada’s Ontario Securities Commission. Binance will also StopThe company stated that it can open new Ontario accounts and offer fee waivers or reimbursements for certain Ontario users who are under third-party administration.

The undertaking It seems to signal the end of a dispute that began when Binance declared that it would no longer service Ontario accountsCustomers were encouraged to sell all their active positions by December 31st. The month prior to Binance’s announcement, the OSC introduced a new prospectus and registration requirements for cryptocurrency exchanges.