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Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. \n Effective immediately, the firm said that \u201cOntario customers who do not have balances on the platform will have their accounts closed.\u201d<\/p>\n In addition, those who do not have open positions in the platform\u2019s peer-to-peer financing markets will no longer have access to those markets. \u201cOntario customers who do not have open margin positions or \u2018borrowing\u2019 positions in our peer-to-peer financing markets will no longer have access to open margin positions or engage in \u2018borrowing,’\u201d the firm further detailed, adding:\n<\/p>\n Starting on March 1, 2022, Ontario customers will no longer have access to any services.<\/p>\n<\/blockquote>\n \n The Ontario Securities Commission (OSC) has been cracking down on unregistered crypto exchanges.<\/p>\n The Canadian regulator recently came down on Binance for operating without authorization. \u201cNo entity in the Binance group of companies holds any form of securities registration in Ontario,\u201d the OSC stressed<\/a>. \u201cThis means they are not authorized to offer trading in derivatives or securities to persons or companies located in the province.\u201d<\/p>\n
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<\/strong>\n<\/p>\nBitfinex Stops Providing Services to Ontario Customers<\/h2>\n
\nCrypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers.<\/p>\n\n
\n\u201cAdditionally, Ontario customers should withdraw funds from Bitfinex on or before March 1, 2022,\u201d the exchange advised.<\/p>\n