Binance has said that it is unable to comply with these new regulations and has therefore decided to withdraw from the Canadian market. The company said that it put off the decision as long as it could in order to explore other options, but that it ultimately decided that continuing to operate in Canada was no longer tenable.
Binance’s exit from Canada is a significant development for the cryptocurrency industry. The company is one of the most popular crypto exchanges in the world and its decision to leave Canada could have a chilling effect on the industry as a whole.
