The world’s largest cryptocurrency exchange – Binance – has reportedly forbidden users in Ontario, Canada, to open new accounts on the platform. The tension between the company and the local financial regulator peaked last summer when the former quit the region.
Restrictions for Ontario Clients
In June 2021, Binance announced its decision to withdraw from Ontario, Canada, as the Ontario Securities Commission (OSC) alleged the company of failing to meet local regulatory requirements.
In December, though, Binance informed its users that it is allowed to continue its operations in the Canadian province while still being unregistered.
Amidst the confusing environment, the exchange vowed to provide fee waivers and reimbursements to certain Ontario clients who the uncertainty might have harmed. Binance further asserted it will hire an independent third party to oversee these commitments.
According to a recent report by Reuters, the dispute between the two entities took one step further
We współpracy z: https://cryptopotato.com/binance-stops-opening-new-accounts-for-ontario-users-report/
