On Friday, May 12, Binance announced its departure from the Canadian markets. Posting on Twitter, the world’s largest exchange by client count, attributed its decision to Canada’s new stablecoin guidance and investor limits for crypto exchanges. A stablecoin is a privately issued cryptocurrency...
The Bank of Canada has initiated an online public consultation to gather opinions on the characteristics of a digital Canadian dollar. The consultation, which started on May 13th, will remain open until June 19th. A rapid shift towards digital payments In recent years, the...
The decentralized derivatives exchange, dYdX, announced on April 7 that it would no longer provide its services in Canada. As of April.7, the registration of new users was disabled. Current users can continue trading on the dYdX platform for the next week. After...
Crypto exchange OKX has announced that it will no longer serve users or accept new account requests from Canada. OKX to cease operations in Canada In an email on Mar. 24, OKX asked all its Canadian users to close any open positions in...
Crypto exchange OKX emailed consumers in Canada that the company would no longer offer services or enable users to establish new accounts in the country. The rules will apply from March 24, 2023. The exchange cited new regulations as the reason for the shift. Withdrawals...
Stablecoins backed by fiat currencies may be exempt from regulation provided their reserves are liquid and undergo monthly audits, according to Canadian watchdogs. This comes as s new report by the CSA reveals a new set of guidelines for crypto entities, most of which...