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Cryptocurrency Exchange Coin Announces Exit from the Canadian Market

On May 12th, the world's largest cryptocurrency exchange, Coin On, announced its withdrawal from the Canadian market, stating that it is no longer suitable for Coin On due to "new guidelines related to stable currencies and investor restrictions on cryptocurrency exchanges". In recent months, Canada has tightened its regulation of crypto asset trading platforms by introducing a pre registration process, and companies that do not comply with regulations will face potential enforcement actions...