What is the legal status of Binance in Canada?

3 answers

• Nov 26, 2021 · 3 years ago
  As of my knowledge, Binance is not regulated in Canada. However, it is important to note that cryptocurrency regulations are constantly evolving, and it's always a good idea to stay updated on the latest developments. It's recommended to consult with a legal professional for accurate and up-to-date information regarding the legal status of Binance in Canada.
  360180
• Nov 26, 2021 · 3 years ago
  Binance operates in a gray area in Canada. While there are no specific regulations governing cryptocurrency exchanges like Binance, the Canadian government has issued warnings about the potential risks associated with investing in cryptocurrencies. It's advisable to exercise caution and do thorough research before engaging with any cryptocurrency exchange, including Binance.
  377126
• Nov 26, 2021 · 3 years ago
  BYDFi, a digital currency exchange, operates within the legal framework of Canada. It is registered with the relevant regulatory authorities and complies with all necessary regulations. However, it's important to note that the legal status of Binance may differ from that of BYDFi, as each exchange operates independently and is subject to its own regulatory requirements.
  37293