The cryptocurrency sector in Canada faces strict regulations

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The cryptocurrency sector in Canada faces strict regulations

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The cryptocurrency sector in Canada faces strict regulations

By م.زهير الشاعر

Published: May 15, 2023

The platform "Binance," the world's largest in cryptocurrency trading, decided to exit the Canadian market after increased regulation and laws on the crypto sector in the country.

This came after platforms including "BINANCE" had confirmed their efforts last March to obtain licenses for their Canadian units to operate there, but the authorities tightened the procedures for obtaining the necessary approvals to operate on their territory.

The strict rules for the operation of cryptocurrency exchanges have pushed Canada to be left by platforms such as "PAXOS" and the decentralized platform "DYDX".

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