Cryptocurrencies
Binance Vows to Heed Canadian Restrictions After Regulator’s Rebuke
- Crypto currency platform met with Ontario regulators Friday
- Binance won’t allow trading in Ontario as it lacks permit
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Binance said it will not allow Ontario users of its crypto currency trading platform to trade or open new accounts after a meeting Friday with the Ontario Securities Commission.
The commitments come a day after the OSC publicly reprimanded Binance for an “unacceptable” letter telling its Ontario users they could keep their accounts open, despite lacking a registration as a trading platform with the securities regulator. To date, six cryptocurrency platforms are registered to trade in Ontario, but not Binance.