Ontario Securities Commissions and Binance mixed messages

Ontario Securities Commissions regulators are dumb. It is quite clear to me that Binance states they want to fix their situation of FULL registration in Canada. Call me confused, but I wonder if I should return to Binance with full on trading. What do you think?

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Here are contradicting articles

Ontario issues warning over crypto trading platform Binance


https://www.theglobeandmail.com/business/article-ontario-issues-warning-over-crypto-trading-platform-binance/

‘Unacceptable’: OSC warns Binance remains unregistered in Ontario

http://www.bnnbloomberg.ca/unacceptable-osc-warns-binance-remains-unregistered-in-ontario-1.1701606

I think it is safe to say Binance would not post jobs in Toronto Ontario if they could not operated legally in that jurisdication. Just Google search: binance job toronto

Here is the official email I got from Binance:

In June, we wrote to you due to Ontario becoming a restricted jurisdiction, and that you may need to close your Binance account.

However, as a result of ongoing and positive cooperation with Canadian regulators, Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC. 

This registration allows us to continue our operations in Canada and resume business in Ontario while we pursue full registration. 

As a result of ongoing and positive cooperation with Canadian regulators, there is no need for Ontario users to close their accounts by December 31,2021. Please check the following official announcement later for more details. Thanks for your understanding.

This is a critical step and we are encouraged by the progress being made in Canada, and we look forward to updating you further in the coming months when we will have more information.

Binance Team
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