Binance has received a license to provide crypto services in Canada
The company's unit was registered on December 1 and has a valid permit until the end of 2024
27.12.2021 - 12:25
286
1 min
0
What’s new? Binance has registered its internal unit in Canada to work with digital assets. The platform's CEO Changpeng Zhao said on his Twitter account that the company has received approval from the authorities.
Boxing day. 🇨🇦 https://t.co/XmnyQIODLT— CZ 🔶 Binance (@cz_binance) December 27, 2021
What is known about the company? Binance Canada Capital Markets was established as a money service business (MSB) that will allow transactions with digital assets, money transfers, and foreign currencies. It was registered on December 1 and has a valid license until the end of 2024.
What does the CEO say? The exchange is tightening its rules to meet the wishes of the supervisory authorities. Changpeng Zhao said that Binance welcomes the industry regulation and cooperates with regulators around the world. On the platform's blog, he posted:
“Overregulation will kill the industry in the local market, and hence make the local market miss out on the next FinTech evolution. But proper regulation will allow the industry to grow faster, not slower.”
Useful material?
Market
Users who have experienced withdrawal problems in the last two days will be eligible to participate
Mar 28, 2024
Market
Last July, a criminal investigation into the exchange was opened by the US authorities
Mar 27, 2024
Market
The unrealized profit from the deal was $8,9 million
Mar 26, 2024
Incidents
The phasing out began on March 25
Mar 25, 2024
Crypto regulations
The new measures must go through additional stages of approval
Mar 25, 2024
Incidents
The popularity of this kind of project launch format has already led to blockchain overload
Mar 20, 2024