Binance’s CZ opens up on the exchange’s Canada exit; hopes to return one day
Canadian regulators wanted CAD 100 million in third-party escrow and limits on token choice, rendering Binance's business model unfeasible.
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Canadian regulators wanted CAD 100 million in third-party escrow and limits on token choice, rendering Binance's business model unfeasible.
Samuel Wan 3 min read
Bybit said Canadian nationals and residents of the country would no longer be able to open new accounts with the exchange starting May 31.
The Bank of Canada's online public consultation on the Canadian CBDC will remain open until June 19, 2023.
The local government endorsed a moratorium in March 2022 that is still in place.
MicroStrategy's BTC holding became profitable for the first time in months after the flagship digital asset's value rose above $30,000.
The company has submitted a pre-registration undertaking with regulators.
The firm will halt all Canadian account activity on June 2.
The exchange is restricting its availability to comply with regulations.
Kraken and Coinbase are among the first exchanges to officially declare their intent to remain in Canada.