Breaking: Regulators Ignite Crackdown on Crypto Businesses in Canada

Breaking: Regulators Ignite Crackdown on Crypto Businesses in Canada

Share Post:

Key Point

  • Unregistered crypto businesses have been given a 30-day deadline to register their business in Canada

Regulators of various countries of the world are igniting fresh policies on crypto firms following the meltdown of Terra-Luna and FTX exchange, while some countries’ regulators are embracing crypto businesses, others are introducing stringent policies.

As per recent reports, Canadian financial regulators have announced a 30-day deadline for the registration of unregistered crypto businesses in the country in line with the newly introduced regulations.

Canada recently introduced more stringent regulations on cryptocurrency, and this however has forced some crypto firms like OKX, Deribit and others out of the country while companies like Binance and Gemini refused to suspend operations in Canada.

Part of the newly introduced regulations is that crypto firms that want to continue to exist in Canadian markets are required to comply with new stricter policies on the segregation of customers’ assets. Furthermore, crypto businesses in Canada are as well not allowed to provide margin or leverage options in Canada.

Be a member of the thriving crypto community by joining the ParadiseFamilyVIP, there will be a personal crypto trading expert to assist you in all your trades, be it Spot and Futures on Binance, Bybit, and Kucoin exchanges. Use PRO20% for your special 20% discount today as this promo expires soon. Click here to see reviews from our clients.

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments

Recent Articles

Follow Us

Trade Crypto Like a PRO

Decrease the risk of losing everything you have.

A team of 4 professional traders is sharing their personal daily trade setups with you.

Imagine finally having the right strategy, insights and knowledge to profit from the volatile crypto market movements consistently.

Safe Time, and Start Trading Like a PRO Today
Dark Mode