Cryptocurrencies
Binance Rebuked by Ontario With Registration Still Pending
- Regulators say Binance rescinded a commitment to stop trading
- Binance said in a letter to users they could continue
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Binance was reprimanded by the Ontario Securities Commission for telling users of its cryptocurrency trading platform that it was allowed to continue operations in Canada when it still lacks a registration to do so.
“This is unacceptable,” the OSC said in a statement on its website Thursday. “Binance has issued a notice to users, without any notification to the OSC.”