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Binance exits Canada
Sat May 13 2023web3isgoinggreat (read full)
Binance announced they would be exiting Canada, "proactively withdrawing" ahead of stablecoin regulation and crypto investment limits. As is becoming a trend in the industry, crypto exchanges and other platforms appear to be finding investor protection to be fundamentally incompatible with their business model. This is only the latest in a string of events involving regulatory pressure on Binance. In April, by its Binance.US arm, citing a "hostile and uncertain regulatory climate in the US". This move came shortly after a March . Elsewhere, in April, citing issues with the Australian securities regulator.Binance canceled the acquisition of the bankrupt Voyager platformlawsuit from the US CFTC against Binance and its CEOBinance closed its derivatives arm in Australia Tweet by Binance , "Binance Announces Exit from Canada, Citing Regulatory Tensions" CoinDesk...