Paxos set to withdraw from Canada amid regulatory uncertainty

Paxos, a fintech firm that gives blockchain-based options for the worldwide monetary business, has introduced its determination to withdraw from the Canadian Market.

The corporate launched a assertion on its web site informing clients that they’ll now not be capable of transact from their Paxos accounts ranging from June 2nd, aside from withdrawing their funds. The transfer comes as Paxos continues to evaluate “its readiness to re-enter the Canadian market in cooperation with the Ontario Securities Fee (OSC) at a future date.”

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