Monday, September 15, 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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Byenance? How Binance Seems To Be Spiraling

The past month hasn’t been a good one for the crypto exchange giant Binance, to...

Saturday, February 25, 2023, 01:37:00 PM

Are Binance Bank Transfers Failing?

A number of Binance customers have been sharing their experiences on Reddit of Automated Clearing...

Wednesday, March 29, 2023, 10:41:00 AM

Criminal Charges Talks Spark As Binance Taps Ex-DOJ Prosecutor In SEC Lawsuit

Binance, in its current legal battle against the Securities and Exchange Commission (SEC), has enlisted...

Monday, June 26, 2023, 12:03:00 PM

FTX Seems To Have Paused Withdrawals After Binance Exodus

Chain data has shown that crypto exchange FTX appears to have paused processing customers’ withdrawals,...

Tuesday, November 8, 2022, 11:36:33 AM

Binance Is Being Sued For The Not-So-Stable Stablecoin Terra USD

For advertising TerraUSD as “safe” given its dollar peg, Binance is being sued by an...

Tuesday, June 14, 2022, 11:48:00 AM