.Binance says it spoke with the Ontario Securities Commission, while users in the region will continue to face account restrictions. mikeybellusci reports.
Binance CEO Changpeng Zhao
Cryptocurrency exchange Binance said it had a “constructive meeting” Friday with the Ontario Securities Commission , to clarify an announcement to its users that suggested it could still provide trading services in Canada’s most populous province.to Ontario-based users earlier this week, saying they would be able to maintain their accounts and the company would be able to continue operating in Ontario.
In addition, Binance says restrictions for Ontario users remain in place, which include no trading, prohibited from opening new accounts, and the exchange won’t market its services to Ontario-based users. Binance said it will consult with the OSC before updating users on the regulatory status of their accounts.
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