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Just under the wire for Ontario!!

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Cryptocoins Exchanges / Binance 277 Views

Update for Ontario Users

Dear Binancian,

In June, we wrote to you due to Ontario becoming a restricted jurisdiction, and that you may need to close your Binance account.

However, as a result of ongoing and positive cooperation with Canadian regulators, Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC.

This registration allows us to continue our operations in Canada and resume business in Ontario while we pursue full registration.

As a result of ongoing and positive cooperation with Canadian regulators, there is no need for Ontario users to close their accounts by December 31,2021. Please check the following official announcement later for more details. Thanks for your understanding.

This is a critical step and we are encouraged by the progress being made in Canada, and we look forward to updating you further in the coming months when we will have more information.

Binance Team

submitted by /u/IamShopsy
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