
Coinbase expands to Canadian market after Binance exits
Coinbase said Canada is a priority market as it presents significant growth opportunity.
Policy developments, ETFs, mining, and innovation shaping Canada’s digital asset landscape.
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Coinbase said Canada is a priority market as it presents significant growth opportunity.

The Standing Committee on Industry and Technology has published a comprehensive report on blockchain technology that includes recommendations that attempt to balance regulations with innovation.

Canadian regulators wanted CAD 100 million in third-party escrow and limits on token choice, rendering Binance's business model unfeasible.

Bybit said Canadian nationals and residents of the country would no longer be able to open new accounts with the exchange starting May 31.

The Bank of Canada's online public consultation on the Canadian CBDC will remain open until June 19, 2023.

The local government endorsed a moratorium in March 2022 that is still in place.

MicroStrategy's BTC holding became profitable for the first time in months after the flagship digital asset's value rose above $30,000.

The company has submitted a pre-registration undertaking with regulators.

The firm will halt all Canadian account activity on June 2.




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