Coinbase is rolling out Interac e\u002Dtransfer integration as it says it\u0027s encouraged by Canada\u0027s cryptocurrency regulations. Find out more.
Binance, along with Bybit and others, said in May their departure was related to tightening regulations around cryptocurrencies as the Canadian Securities Administrators looks to increase oversight in the sector.
The umbrella organization for provincial securities regulators said the move, along with restrictions on who can invest and in what kind of crypto assets, was prompted by a string of high-profile bankruptcies in the global sector. “We’ve found the Canadian regulators to be really amenable to work with and there’s a real genuine interest, I think on both sides, to have regulatory clarity about how both consumers can be protected in this environment.”Article content
for operating as an unregistered securities exchange. The regulator alleges that Coinbase “deliberately refused” to follow rules it knew about around registering securities offers.
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