JejuSunshineSoulMateWarmth
Fri Jun 07 2024
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7 answers
1563
Why is Binance not allowed in Canada?｜The world's largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Crypto exchange Binance has announced that it would cease operations in Canada, citing the challenging regulatory environment.
Could you please explain why Binance, the world's largest crypto exchange by volume, is not allowed to operate in Canada? I'm curious about the reasons behind this decision. Did the exchange encounter specific regulatory challenges in Canada? Could you elaborate on the new guidance related to stablecoins and investor limits that prompted the exit? I'm interested in understanding the regulatory environment in Canada that made it challenging for Binance to continue its operations.
