{"id":76468,"date":"2023-03-30T15:58:22","date_gmt":"2023-03-30T12:58:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76468"},"modified":"2025-09-10T17:33:48","modified_gmt":"2025-09-10T14:33:48","slug":"journalists-reveal-coinbase-plans-to-obtain-a-licence-in-canada","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/journalists-reveal-coinbase-plans-to-obtain-a-licence-in-canada\/","title":{"rendered":"Journalists reveal Coinbase plans to obtain a licence in Canada"},"content":{"rendered":"

Coinbase is in talks with Canadian regulators about obtaining a licence to continue operating in the country. This is reported by CoinDesk<\/a>, citing informed sources.<\/p>\n

\n

“We are focused on the local market as a key component of our international strategy”<\/em>, \u2014 said Elliot Sazer, Coinbase’s Director of Communications.<\/p>\n<\/blockquote>\n

Sources told the publication that Binance is likely to exit Canada.<\/p>\n

In interviews, company representatives said the exchange has “not yet determined final plans” and “is actively cooperating with regulators”.<\/p>\n

Deribit and Blockchain.com’s press-office staff said the platforms were exiting the local market, Crypto.com said it plans to stay.<\/p>\n

The world’s largest crypto exchanges are evaluating these scenarios amid tightening regulation of their activities in the country.<\/p>\n

In December 2022, CSA<\/span> warned<\/a> of tightening requirements after the FTX collapse<\/a>.<\/p>\n

On February 22, regulators presented<\/a> an updated regulatory framework. It includes the segregation of assets held in custody, tightening rules for re-hypothecation, margin trading and some deals involving utility tokens and stablecoins.<\/p>\n

The CSA set 24 March as the deadline for crypto firms to obtain the corresponding licences.<\/p>\n

OKX ceased<\/a> providing services to Canadian users amid the ‘new rules’.<\/p>\n

Earlier, the Ontario Securities Commission fined<\/a> Bybit and ordered Ku\u0421oin to cease operations. Binance<\/a> and Bitfinex<\/a> said they would stop serving residents of the province.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase is in talks with Canadian regulators about obtaining a licence to continue operating in the country. CoinDesk reports, citing informed sources.<\/p>\n","protected":false},"author":1,"featured_media":76469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,138,36],"class_list":["post-76468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-coinbase","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76468"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76468\/revisions"}],"predecessor-version":[{"id":76470,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76468\/revisions\/76470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76469"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}