Binance to Exit Canada After Country Imposes New Crypto Rules
- Firm cites regulatory roadblock on stablecoin, investor limits
- Canadian guidance pushes crypto firms to comply or leave
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Binance, the world’s biggest crypto exchange, said it will exit Canada after the country moved to impose new regulations on digital-currency trading platforms.
In a tweet Friday, Binance said new guidance for crypto exchanges in Canada related to stablecoins and investor limits has made the market “no longer tenable” for the company.