Cryptocurrency exchange giant Binance says it will be withdrawing its services from Canada.
In a tweet, it blamed its decision to depart the country on new guidance related to stablecoins and investor limits provided to crypto exchanges.
Binance says the regulations have made the 91原创 market "no longer tenable" for the company.
It says it put off the decision as long as it could while it explored other avenues, but recently found there are none.
Binance promised to send 91原创 users emails discussing how the move will impact their accounts.
The company's departure from the market comes after the 91原创 Securities Administrators announced stricter requirements for cryptocurrency companies around cash and asset storage and the purchase and deposit of stablecoins.
"While we do not agree with the new guidance, we hope to continue to engage with 91原创 regulators aimed at a thoughtful, comprehensive regulatory framework," Binance said in a tweet.聽
"We are confident that we will someday return to the market when 91原创 users once again have the freedom to access a broader suite of digital assets."
This report by The 91原创 Press was first published May 12, 2023.
The 91原创 Press
