By Joseph Branch in World News —

Binance is winding down operations in Canada

Binance is winding down operations in Canada
Photo by Jason Hafso / Unsplash

Cryptocurrency exchange Binance announced that it is winding down its operations in Canada.

"Unfortunately, new guidelines related to stablcoins and investor restrictions given to cryptocurrency exchanges make the Canadian market unsuitable for Binance at this time," the company said in a statement