That's still a lot of time though, I am pretty sure that all the users in Ontario is going to have a lot of time doing the evacuation.
Yeah, I'd say any Binance users in Ontario have plenty of time:
Ontario-based users are advised to take immediate measures to close out all active positions by December 31, 2021,” a statement on their website reads.
I do wonder why this only applies to Ontario, though I guess I shouldn't be surprised, as Binance is restricted from operating in certain states in the US. Every country/state/city has their own government bodies all stacked on top of one another, and to me it's maddening. This sucks anyway. It's never good to hear news like this, even if it doesn't affect me directly. The fewer geographic regions that Binance (or any other crypto exchange) can operate in, the worse off it is for crypto as a whole.
Regulation of bitcoin and other cryptocurrencies was inevitable and something I've been anticipating for a long time now--but flat-out banning an exchange from operating in a particular region is worse than regulation. It's a statement by the government that crypto itself should be banned, and it's an ominous sign in my eyes.