Oh well… after moving everything out of a Binance I just learned that they are going to keep operating in Ontario
Better Safe than sorry right ?
I’m pretty happy with the Interest I can earn staking some of my Crypto on Binance so I guess I’ll move some back there …
Are you staking your Crypto on Binance ?
I earn about $100 a month just from Referrals: https://accounts.binance.com/en/register?ref=11778379
News :
Binance to Continue Operating in Ontario After Cooperating With Canadian Regulators
The crypto exchange originally told its users in Canada’s most populous province they would need to close their accounts by Dec. 31.
Cryptocurrency exchange Binance will continue to operate in Ontario after successfully working with Canadian regulators, the company told users in an email on Wednesday.
Binance had told users in June it would be pulling out of Canada’s most populous province, following actions by the Ontario Securities Commission (OSC) against other crypto exchanges accusing them of not complying with regulations. Binance said Ontario users should close their accounts by Dec. 31.
“However, as a result of ongoing and positive cooperation with Canadian regulators, Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC‚” Binance told its users in Ontario on Wednesday. FINTRAC (Financial Transactions and Reports Analysis Center of Canada) is the country’s national financial intelligence agency.
“This registration allows us to continue our operations in Canada and resume business in Ontario while we pursue full registration,” Binance added.
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