- Binance choosing to withdraw from Canada drew strong reactions from the community.
- While many blame Canadian regulators, others draw different conclusions.
- Binance has been under increasing regulatory scrutiny globally since the FTX crash.
In the aftermath of the FTX collapse, global regulators are tightening their grip on the crypto industry. On the other side of these regulations are crypto exchanges like Binance. In a development that has sent shockwaves through the industry, Binance has decided to leave Canada.
This move has sparked a heated debate, both within the crypto community and in the broader tech and finance community. The public response was split between the criticism of Canada for its stiff approach and Binance’s lack of transparency.
After facing increased global scrutiny, the largest global exchange revealed its decision on Friday, May 12. Since the collapse of FTX,…
