Holpop News

Binance has confirmed to the Ontario Securities Commission (OSC) in Canada that it will cease operations in the region.
The exchange will also prohibit the opening of new accounts in Ontario and provide fee waivers and compensation to certain Ontario users managed by a third party.
In June, Binance announced that it would no longer service Ontario accounts and recommended that users close active positions by the end of the year. A month before that announcement, the OSC introduced a new prospectus and registration requirements for cryptocurrency exchanges.
However, already in December, Binance informed investors that the exchange was allowed to continue operating in the province despite the lack of registration. The OSC denied this claim.
The regulator also recently took action against Bitfinex, OKEx, Bybit, KuCoin and Polo Digital Assets. As of late January, Bitbuy, Coinberry, CoinSmart, Fidelity Digital Assets and Wealthsimple are allowed to operate in Ontario. The OSC also banned Tether (USDT) in August.
Binance will continue to operate in other Canadian provinces.