On March 24, 2023, OKX will stop providing services to Canadian users and close the registration of new accounts due to “new rules”. This is reported Cointelegraph with a link to an email from a bitcoin exchange.
Clients are required to close positions by June 22, according to the notice. All funds must also be withdrawn by the designated date.
“The funds will remain safe in the account until you withdraw them,” the exchange said.
They added that the measure is temporary and the company is “working with regulators to resolve this issue.”
In early 2022, OKEx changed its name to OKX to highlight its commitment to the development of the crypto industry and the Web3 ecosystem.
In August, the Ontario Securities Commission announced that the bitcoin exchange operator violated local securities laws.
Earlier, the regulator fined Bybit and ordered KuCoin to cease operations. The decision to refuse to serve the residents of the province was announced by Binance and Bitfinex.
Remember, in December CSA warned of tougher requirements for crypto firms after the collapse of FTX.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
On March 24, 2023, OKX will stop providing services to Canadian users and close the registration of new accounts due to “new rules”. This is reported Cointelegraph with a link to an email from a bitcoin exchange.
Clients are required to close positions by June 22, according to the notice. All funds must also be withdrawn by the designated date.
“The funds will remain safe in the account until you withdraw them,” the exchange said.
They added that the measure is temporary and the company is “working with regulators to resolve this issue.”
In early 2022, OKEx changed its name to OKX to highlight its commitment to the development of the crypto industry and the Web3 ecosystem.
In August, the Ontario Securities Commission announced that the bitcoin exchange operator violated local securities laws.
Earlier, the regulator fined Bybit and ordered KuCoin to cease operations. The decision to refuse to serve the residents of the province was announced by Binance and Bitfinex.
Remember, in December CSA warned of tougher requirements for crypto firms after the collapse of FTX.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!