Binance, the world's largest cryptocurrency exchange, is facing an investigation by Canada's Ontario Securities Commission over allegations of violating securities laws. Binance has requested that the investigation be dropped, claiming it was "extremely broad" and had "no legitimate purpose." The exchange has already left Ontario and Canada due to "new guidance related to stablecoins and investor limits." Binance is not the only crypto firm to leave Canada, with Bybit and OKX also announcing their departures citing "new regulations." Binance is also facing investigations from major regulators in the US, including the CFTC, SEC, and IRS.
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