Which crypto exchanges are banned in Canada?

Some banned crypto exchanges in Canada include Binance, KuCoin, OKX, Bybit, Gate.io, and others. It’s essential to stay informed about regulatory developments and only trade on registered platforms to comply with Canadian regulations. In recent years, Canada has experienced a surge in cryptocurrency trading as digital assets gained popularity.

Are two Canadian crypto exchanges selling unregistered securities to Ontario residents?

The Canadian regulator said the two exchanges were selling unregistered securities to Ontario residents. A top Canadian financial regulator has slapped two crypto exchanges, Bybit and KuCoin, with enforcement actions for failing to comply with securities laws in the Canadian province of Ontario.

Are crypto exchanges legal in Canada?

All crypto exchanges in Canada must register with regulators. Unregistered platforms are effectively banned and can be fined millions of dollars if they continue servicing Canadian clients. Due to strict regulations, many crypto exchanges find it too burdensome to operate in the Canadian market.