Currently, BTCUSD is trading at 29128 vs BTCUSDC which is at 28278. Somehow USD on Binance.US is de-pegging from all other assets. r/CryptoCurrencyMemes r/CryptoCurrency_Tech r/CryptoMarkets r/CryptoRecruiting r/Best_of_Crypto r/BitcoinMarkets r/BitcoinMining r/CryptoTrade r/Ethfinance r/EthTrader r/Jobs4Crypto r/Liberland r/NFT r/OpenBazaar r/GPUmining Mastering Ethereum (Open Source book) Exchanges
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The OSC’s firm approach to crypto regulation over the past few years included tangling with FTX behind closed doors and ordering the firm to immediately halt the sale of crypto assets and derivative products to all Ontario retail investors until it was properly registered or obtained restricted dealer status, according to sources.Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies. “We would like to thank those regulators who worked with us collaboratively to address the needs of Canadian users,” Binance said it its tweet. The firm did not rule out “someday” returning to the country - if “Canadian users once again have the freedom to access a broader suite of digital assets.” In addition, the CSA laid out new rules for stablecoins to ensure compliance with rules for derivatives and their use by retail investors.īinance said that while it does not agree with the new rules, the company hopes to continue to engage with Canadian regulators on a “thoughtful, comprehensive” regulatory framework.
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Binance ultimately signed a legally enforceable undertaking in March of 2022 committing to the OSC that its activities involving Ontario residents had ceased - aside from those expressly “permitted actions to protect investors” - and that it would prevent any further activities.īy the end of 2022, following the spectacular collapse of crypto platform FTX Inc., a dozen securities watchdogs from the other provinces and territories joined the OSC in taking a harder line, requiring registration and other rules for digital currency players. The OSC said registration was required and hadn’t occurred. The crypto platform assured users it could operate in the country’s most populous province despite having said earlier it would withdraw rather than comply with a new requirement to register with the Ontario regulator. Article contentīinance feuded publicly with Canada’s largest provincial regulator, the Ontario Securities Commission (OSC), in late 2021.
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