Binance to stop serving Canadian market, blames new stablecoin guidance

Cryptocurrency exchange giant Binance says it will be withdrawing its services from Canada.

In a tweet, it blamed its decision to depart the country on new guidance related to stablecoins and investor limits provided to crypto exchanges.

Binance says the regulations have made the Canadian market "no longer tenable" for the company.

It says it put off the decision as long as it could while it explored other avenues, but recently found there are none.