Paxos set to withdraw from Canada amid regulatory uncertainty
Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian market.
The company released a statement informing customers that they will no longer be able to transact from their Paxos accounts starting from June 2, except for withdrawing their funds. The move comes as Paxos continues to assess “its readiness to re-enter the Canadian market in cooperation with the Ontario Securities Commission (OSC) at a future date.”
