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Why is Binance not working in Canada?|Disclaimer: Binance has withdrawn from Canada . While it's possible use a VPN to access the platform, completing the KYC verification isn't possible with a Canadian ID.due to the country's stringent financial trading restrictions
Could you please elaborate on why Binance is not operational in Canada? I understand that Binance has withdrawn from the Canadian market, but why is that so? Is it related to any specific regulations or policies in Canada? And even if I try to access the platform using a VPN, why would I be unable to complete the KYC verification with a Canadian ID? Is it because of Canada's strict financial trading restrictions? Could you provide more details on this matter? Thank you for your assistance.
![Why is Binance not working in Canada?|Disclaimer: Binance has withdrawn from Canada . While it's possible use a VPN to access the platform, completing the KYC verification isn't possible with a Canadian ID.due to the country's stringent financial trading restrictions](https://img.btcc.com/btcc/qa/qaimg871.png)
![GangnamGlitz](https://img.btcc.com/btcc/qa/GangnamGlitz.png)
What is the KYC verification process?
Could you please elaborate on the KYC verification process? I'm curious to understand the steps involved and what information is typically required for such verification. Is it a mandatory process for all cryptocurrency transactions? And how does it ensure the safety and security of transactions? I'm also interested in knowing the potential challenges or drawbacks associated with KYC, if any. Thank you for your assistance in clarifying this process.
![What is the KYC verification process?](https://img.btcc.com/btcc/qa/qaimg631.png)