cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Binance exits the Canadian market due to new regulatory policies

IANS by IANS
May 15, 2023
Reading Time: 2 mins read
Binance exits the Canadian market due to new regulatory policies
Share on FacebookShare on Twitter

Leading blockchain and cryptocurrency platform Binance has announced its exit from the Canadian marketplace due to new stablecoin and investor limits in the country.

“We are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace,” the company tweeted.

“We had high hopes for the rest of the Canadian blockchain industry. Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canadian market no longer tenable for Binance at this time,” it added.

The cryptocurrency platform also stated that while it does not agree with the new regulations, it hopes to continue working with Canadian regulators to develop a regulatory framework for cryptocurrencies.

According to CoinDesk, the Canadian Securities Administrators (CSA) issued new guidance in February prohibiting crypto asset trading platforms in the country from allowing customers to buy or deposit stablecoins without prior approval from the CSA.

To obtain approval, the crypto trading platform would have to pass the CSA’s various due diligence checks.

ADVERTISEMENT

In March, the US Commodity Futures and Trading Commission (CFTC) sued Binance for allegedly breaking trading and derivatives rules, media reports said.

Along with Binance, the CFTC sued the company’s CEO Changpeng Zhao, and Chief Compliance Officer Samuel Lim, reports TechCrunch.

According to the filing, the exchange has never registered with the CFTC and has “disregarded federal laws” that govern US financial markets, including laws designed to prevent and detect money laundering and terrorism financing.

Disclaimer: Only the headline and image of this article may have been edited by CXOvoice; the rest of the content is generated from a syndicated feed.

Also Read: Dell launches 2 new Alienware gaming laptops in India

IANS

IANS

For any query, contact@cxovoice.com

Related Posts

Top 10 Data and Analytics Technology Trends for 2020
Business

Marketing leaders in India to boost the use of generative AI: Report

June 9, 2023
Users can now create desktop shortcut for Google Password Manager
News

Users can now create desktop shortcut for Google Password Manager

June 9, 2023
HP launched new PC portfolio to meet the evolving consumer demands
Technology

HP introduces 45-inch curved display, vertical mouse in India

June 7, 2023
Apple iPadOS 17 offers redesigned Lock Screen, interactive widgets & more
News

Apple iPadOS 17 offers redesigned Lock Screen, interactive widgets & more

June 6, 2023
Working in a post-pandemic world: What is the new normal?
Technology

Approx 4K people lost their jobs in the US due to AI in May: Report

June 5, 2023
Atomic Wallet faces security breach, loses over $35 mn in crypto
Cyber Security

Atomic Wallet faces security breach, loses over $35 mn in crypto

June 5, 2023
chatbots for businesses
Opinion

Why chatbots are important for businesses to strengthen their sales and operations

June 5, 2023
smart home
Technology

4 in 5 smartphone users consider chipset as heart, brain of phone: Report

June 5, 2023
Load More
ADVERTISEMENT

Expert Views

chatbots for businesses
Opinion

Why chatbots are important for businesses to strengthen their sales and operations

June 5, 2023
How Travel and Expense can pave the way for responsible spend culture
Opinion

How Travel and Expense can pave the way for responsible spend culture

May 24, 2023
Data at Rest
Cyber Security

Data at Rest – How Data Encryption and Data Security Beneficial to IT Teams?

May 8, 2023
SaaS Rising: India is Ready for its Next IT Moment
Opinion

SaaS Rising: India is Ready for its Next IT Moment

January 31, 2023
Technology remains the main driver for insurance companies to scale and grow in 2023
News

Technology remains the main driver for insurance companies to scale and grow in 2023

January 10, 2023

Latest Updates

Top 10 Data and Analytics Technology Trends for 2020

Marketing leaders in India to boost the use of generative AI: Report

by IANS
18 hours ago

Users can now create desktop shortcut for Google Password Manager

Users can now create desktop shortcut for Google Password Manager

by IANS
23 hours ago

HP launched new PC portfolio to meet the evolving consumer demands

HP introduces 45-inch curved display, vertical mouse in India

by IANS
3 days ago

Apple iPadOS 17 offers redesigned Lock Screen, interactive widgets & more

Apple iPadOS 17 offers redesigned Lock Screen, interactive widgets & more

by IANS
4 days ago

Working in a post-pandemic world: What is the new normal?

Approx 4K people lost their jobs in the US due to AI in May: Report

by IANS
5 days ago

Atomic Wallet faces security breach, loses over $35 mn in crypto

Atomic Wallet faces security breach, loses over $35 mn in crypto

by IANS
5 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-
digital-first strategy
Banking

Jana Small Finance Bank’s digital-first strategy enhances customer experience

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/