Canada - Claimpayback

Binance pulls out of Canada, cites incompatibility with local market conditions

0xMain
May 12, 2023

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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...

Bank of Canada seeks public input on CBDC

0xMain
May 8, 2023

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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...

dYdX winds down Canada operations, more exchanges exit North America markets

0xMain
April 8, 2023

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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...

OKX to stop serving and accepting users from Canada

0xMain
March 25, 2023

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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...

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OKX plans to wind down business in Canada

0xMain
March 20, 2023

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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...

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Canada goes hard on algorithmic stablecoin issuers

0xMain
February 23, 2023

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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...