A report from newx.bitcoin.com says that:
Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations.
As we all may have known, Binance is the largest cryptocurrency exchanges.
Binance is said to sent out a letter to Ontario detailing the cease in operations. The letter states that Binance will be:
“ceasing opening new Ontario accounts,” “ceasing trading in existing Ontario accounts, with exceptions to protect investors, along with winding down its businesses in certain products,” and “providing fee waivers and offering fee reimbursement to certain Ontario users.”
