Bitfinex Ceases To Operate In Ontario

Cryptocurrency exchange Bitfinex ceases to operate in the Canadian province of Ontario. Ontario is Canada's most populous province.

Cryptocurrency exchange Bitfinex has announced that its customers in the Canadian province of Ontario will no longer be able to access the exchange from March 1. Cryptocurrency exchange Bitfinex has told its customers in the Canadian province of Ontario that they must receive their funds on the exchange by March 1. The official statement of the exchange on the subject was as follows: "Starting March 1, 2022, Ontario customers will have no access to any services. Ontario customers with open positions in our peer-to-peer financing markets are advised to begin exiting these positions immediately in preparation for March 1, 2022." In addition, last week, crypto exchange Binance also reported that the Ontario Securities Commission has withdrawn its decision to suspend the accounts of its customers. Later, the Ontario Securities Commission (OSC) noted that the cryptocurrency exchange Binance was not authorized to operate in Ontario.