Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Binance won’t be pulling out of Ontario

The crypto exchange announced that it will continue its services for Ontario-based users after successfully working with Canadian regulators.

Toronto Skyline / Image by: Wikimedia Commons

Thu, 30 Dec 2021, 07:26 am UTC

Binance, the largest crypto exchange in the world by volume, won’t be pulling out of Ontario, Canada after all. The company announced that it will continue its services for Ontario-based users after successfully working with Canadian regulators.

In June 2021, Binance said that it will be pulling out of Ontario and advised users in the area to close their accounts by December 31. The Ontario Securities Commission (OSC) accused crypto exchanges of not complying with regulations.

“As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective 2021-06-26 at 3:59:59 AM (UTC),” the crypto exchange said in a blog post on June 26, 2021. “Regrettably, Binance can no longer continue to service Ontario-based users. Ontario-based users are advised to take immediate measures to close out all active positions by December 31, 2021.”

However, the crypto exchange has recently informed its Ontario-based users that it won’t be going ahead with its planned exit from the Canadian province. In an email on Wednesday, Binance told uses that it was able to make arrangements with the OSC allowing the company to continue offering its services in the area, according to Coindesk.

“However, as a result of ongoing and positive cooperation with Canadian regulators, Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC,” Binance said in its email to users in Ontario.

“This registration allows us to continue our operations in Canada and resume business in Ontario while we pursue full registration,” the crypto exchange added. Established in 2000, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the country’s national financial intelligence agency tasked with the detection and investigation of money laundering.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • BrittanyD
  • 2022.01.25 16:17:55
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
  • Joanchris333
  • 2022.01.20 16:03:49
I was depressed some Months ago due to how frustrating it is dealing with bad credits, but reaching out to HACK VANISH via Phone: +1 (747) 293-8514 and Email: HACK VANISH (@) GMAIL. COM gave my life a new meaning, after I found him credible through positive reviews I read on a credit blog, in a twinkle of an eye, this great hacker got my credit score restored from 509 to 784 across the 3 major credit bureaus, all evictions and repossession has been wiped off, my LexisNexis and Chex system fixed respectively, to my greatest surprise, some days later, I received an E-mail confirming the approval of my pending loan application. I can confidently say 2021 was an exceptional year for my husband and I as we are proud owners of a new home and a brand-new SUV courtesy HACK VANISH, I would definitely recommend him to anyone in need of a genuine Hacker.
  • 0
  • ·
  • 0
  • BIGBEER
  • 2022.01.08 02:07:18
FIRST CLASS EXPERT TO HIRE FOR BITCOIN RECOVERY
I'm here to drop 5 STAR review of PERFECTWALLETRECOVERY.COM ,I Encourage anyone searching to restore Lost Bitcoin from Investment platforms or ,Lost Cryptocurrency To engage the service of Forensic Expert Billy. Many guaranteed his skillful & Experienced in Handling lREFUNDS in all kinds BTC Recovery, Hacking and Spy tech Jobs.. Lo and Behold they perfected my Recovery of 56K worth of BITCOIN. my family today is grateful to this company ,we owe them BIG.
PERFECT WALLET RECOVERY . COM perfectwalletrecovery<aatt> G m
Perfect Wallet Recovery Consultancy is the best Forensic company to HIRE for all kinds of Btc recovery, crypto Investment, Wallet REFUND & Spytechs cases.
NO UPFRONT PAYMENT
  • 1
  • ·
  • 0
  • wilson
  • 2022.01.06 05:15:05
Investing with Jose Gonzales has been the greatest thing that ever happened to me,, I so much appreciate him for his handwork over the investors for granting us the opportunity to earn income weekly through their Investment platform I invested $450 about 7 days ago i just received $4500 profit congratulations to me because I am happy I am putting more I can't say less about this platform they have been so amazing. If you want to start making profit on bitcoin investment today Jose gonzales is all you need contact on email: [email protected] or contact on Whats-app: +1(201)293-7434
  • 0
  • ·
  • 0
  • BIGBEER
  • 2022.01.08 02:09:24
FIRST CLASS EXPERT TO HIRE FOR BITCOIN RECOVERY
I'm here to drop 5 STAR review of PERFECTWALLETRECOVERY.COM ,I Encourage anyone searching to restore Lost Bitcoin from Investment platforms or ,Lost Cryptocurrency To engage the service of Forensic Expert Billy. Many guaranteed his skillful & Experienced in Handling lREFUNDS in all kinds BTC Recovery, Hacking and Spy tech Jobs.. Lo and Behold they perfected my Recovery of 56K worth of BITCOIN. my family today is grateful to this company ,we owe them BIG.
PERFECT WALLET RECOVERY . COM perfectwalletrecovery<aatt> G m
Perfect Wallet Recovery Consultancy is the best Forensic company to HIRE for all kinds of Btc recovery, crypto Investment, Wallet REFUND & Spytechs cases.
NO UPFRONT PAYMENT what app +1 678 379 3631
  • 1
  • ·
  • 0
  • wilson
  • 2022.01.06 05:15:04
Investing with Jose Gonzales has been the greatest thing that ever happened to me,, I so much appreciate him for his handwork over the investors for granting us the opportunity to earn income weekly through their Investment platform I invested $450 about 7 days ago i just received $4500 profit congratulations to me because I am happy I am putting more I can't say less about this platform they have been so amazing. If you want to start making profit on bitcoin investment today Jose gonzales is all you need contact on email: [email protected] or contact on Whats-app: +1(201)293-7434
  • 0
  • ·
  • 0
  • wilson
  • 2022.01.06 05:15:04
Investing with Jose Gonzales has been the greatest thing that ever happened to me,, I so much appreciate him for his handwork over the investors for granting us the opportunity to earn income weekly through their Investment platform I invested $450 about 7 days ago i just received $4500 profit congratulations to me because I am happy I am putting more I can't say less about this platform they have been so amazing. If you want to start making profit on bitcoin investment today Jose gonzales is all you need contact on email: [email protected] or contact on Whats-app: +1(201)293-7434
  • 0
  • ·
  • 0
  • wilson
  • 2022.01.06 05:13:12
Investing with Jose Gonzales has been the greatest thing that ever happened to me, I so much appreciate him for his handwork over the investors for granting us the opportunity to earn income weekly through their Investment platform I invested 450 about 7 days ago i just received 4500 usd profit I am happy I am putting more I can't say less about this platform they have been so amazing. If you want to start making profit on bitcoin investment today Jose gonzales is all you need contact on email: [email protected] or contact on Whats-app: +1(201)293-7434
  • 0
  • ·
  • 0
  • darrenray
  • 2022.01.04 07:29:04
NO UPFRONT PAYMENTS
I once used a fake forex platform because of their reviews and I was scammed of $32k it turns out they partner with these forex platforms to scam people of their hard-earned money, Luckily I was able to get my money back when I contacted CRYPTOHEISTRECOVERY .COM
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $36,776.00 (+1.32%)
  • Ethereum (eth) $2,404.51 (-0.33%)
  • Tether (usdt) $0.994359 (+0.16%)
  • Binance Coin (bnb) $385.52 (+4.58%)
  • USD Coin (usdc) $0.999972 (+1.00%)
  • Bitcoin (btc) $36,776.00 (+1.32%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft