Six crypto trading platforms are currently registered in Ontario, after a warning in March of this year to register with the OSC.īinance didn’t immediately respond to a request for comment. “No entity in the Binance group of companies holds any form of securities registration in Ontario,” the OSC said. 31, but the correspondence to users rescinds that commitment. The OSC said Binance had committed to ensuring no new transactions would be carried out on its platform after Dec. “As a result of ongoing and positive cooperation with Canadian regulators, there is no need for Ontario users to close their accounts by December 31, 2021,” the letter states. In a message to users, obtained by Bloomberg News, Binance said it “has been successful in taking its first steps on the regulatory path by registering in Canada” and that registration allows the company to continue its operations in Canada. “Binance has issued a notice to users, without any notification to the OSC.” “This is unacceptable,” the OSC said in a statement on its website Thursday. Tutorial to make a secure wallet with a Live Bootable Disk.(Bloomberg) - 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. If you lost money doing a transaction with them, we are very sorry but we cannot be held responsible. According to a filing with the Capital Markets Tribunal, Binance was going to be investigated to see if it had tried to skirt round securities laws. Canada’s Ontario Securities Commission hit Binance with an investigation order last month, documents show. The Top 5 Crypto Exchanges Allowed in Ontario by the OSC By Arthur Dubois Decem Crypto Exchanges Reviews, Crypto Regulation, Cryptocurrency As of March of 2021, the OSC, or Ontario Securities Commission, has required that any crypto-asset trading platforms register with them to operate legally in Ontario. Bitcoiniacs - Physical store in VancouverĬontact a mod to add your site! We do not endorse these sites. The world’s biggest crypto exchange continues to find itself in hot water.Reviews of Canadian Banks on Their Crypto Friendliness.Silvergoldbull.ca (Canadian bullion coins).Coinkite (Made in Canada Hardware Wallets).This subreddit is bilingual (French and English). said it has received an order from one of Canada’s securities regulators to investigate whether the platform attempted to find a way around local.Submissions that are mostly about some other cryptocurrency belong elsewhere.The industry’s largest exchange also committed to cease trading for existing Ontario-based accounts and will provide fee waivers and reimbursements to certain users. This subreddit is not about general financial news. Crypto exchange Binance has confirmed to the Ontario Securities Commission (OSC) that it will no longer open accounts for new customers in the Canadian province of Ontario. News articles that do not contain the word "Bitcoin" are usually off-topic.Do not use URL shortening services for post submissions: always post the real link. Binance, the world's largest crypto exchange by trading volume, has confirmed in an undertaking to the Ontario Securities Commission (OSC) that it would stop opening new accounts for users in the.No referral links in submissions, solicitation or spam.Some of the above links are affiliate links. It's normal if they ask you for IDs, it's not a scam, it's normal KYC/AML policy. Please note: That most of the exchanges require identity validation. Non-custodial / P2P exchanges & Swap ServicesĬentralized Crypto Exchanges, Services & Apps ![]() ![]() Recommended Canadian Bitcoin Services Bull Bitcoin (Buy/Sell Bitcoin) (Pay bills with BTC) May 12 (Reuters) - Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and. Join The Bitcoin Discord: A Bitcoin Only Tech & Support Chat Run A Bitcoin Node: Get a Bitcoin Wallet: Recommended Wallets Buy Bitcoin: ![]() ![]() This subreddit is about Bitcoin and other cryptocurrencies for Canadians.
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