Binance Still Not Authorized to Operate in Ontario, Securities Commission Says

Posted on by American Coins & Gold

Binance Still Not Authorized to Operate in Ontario, Securities Commission Says
Cryptocurrency exchange Binance still isn’t registered under Ontario’s securities law, the province’s securities commission said in a testy statement Thursday after Binance said it had recently cooperated with regulators.Binance is “not authorized to offer trading in derivatives or securities to persons or companies” in Canada’s most populous province, the Ontario Securities Commission (OSC) said.The crypto exchange sent a memo to users Wednesday, saying it would be able to continue to operate in Ontario after successfully working with regulators, and customers would not need to close their accounts by year’s end.“Binance represented to OSC staff that no new transactions involving Ontario…