Binance pulls out of Canada amid new crypto regulations

Photo by Kanchanara on Unsplash

Binance, one of the largest cryptocurrency exchanges in the world, has announced that it is ceasing operations in Canada due to the challenging regulatory environment. In a tweet on Friday, the company stated that new guidance related to stablecoins and investor limits provided to crypto exchanges made the Canadian market no longer tenable for Binance at this time. The move comes after the…