Wednesday, October 8, 2025

Latest

Binance to Resume Services in Ontario After Registering As A MSB

Following a turbulent summer which saw Binance run into various regulatory issues spanning across numerous jurisdictions including Canada, the crypto exchange has finally received a license to provide its services in Ontario.

According to a a statement from Binance to its users, the crypto exchange received a license allowing it to conduct foreign exchange dealing, money transferring, and virtual currency dealing from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The license, which will now allow Binance to offer its services to users in Ontario, was granted under the exchange’s new subsidiary, called Binance Canada Capital Markets, which will now act as a Money Service Business (MSB).

Back in June, Binance faced heightened scrutiny from regulators in Japan, Canada, the UK, Italy, Thailand, China, Germany and even the US, whom raised issues with the exchange conducting operations without an adequate regulatory framework. Binance was forced to withdrawal its services in the some of those jurisdictions, including in Ontario, where the province’s securities regulator accusing the exchange of failing to adhere to the country’s securities laws.


Information for this briefing was found via Binance. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Nigeria Implements Ban On Crypto Exchanges

Nigeria has implemented a ban on accessing major cryptocurrency exchanges such as Binance, Coinbase, and...

Thursday, February 22, 2024, 11:49:00 AM

Binance Invested US$500 Million In Elon Musk’s Twitter Takeover Deal: “We Fully Support Him In Whatever He Does”

Binance has disclosed it has chipped in US$500 million for Elon Musk’s acquisition of Twitter,...

Monday, October 31, 2022, 03:58:00 PM

OSC Accuses Executives of Logan Paul’s Liquid Marketplace Misappropriating Investor Funds

Toronto-based company Liquid Marketplace, marketing itself as a platform selling fractional ownership of rare collectibles...

Monday, June 24, 2024, 06:30:00 AM

Inside FTX’s $1.8 Billion Lawsuit Against Binance Amid Crypto Collapse Fallout

In a lawsuit filed in Delaware’s bankruptcy court, the liquidators of the now-bankrupt cryptocurrency exchange...

Tuesday, November 12, 2024, 12:46:00 PM

“What Do You Know About Jail?”: Wendy’s Roasts Binance on TikTok

Wendy’s chose violence when it responded to Binance on TikTok on the fast food giant’s...

Friday, April 21, 2023, 03:59:00 PM