ChainCatcher news, cryptocurrency exchange Gemini stated in an email sent to Canadian users on September 30 that it will close all accounts in Canada by December 31 (with a few exceptions), and users have 90 days to withdraw their assets from the platform. A few months ago, Canadian financial regulators jointly introduced regulatory requirements for cryptocurrency exchanges and trading platforms operating within Canada.On February 22, the Canadian Securities Administrators (CSA) issued a notice requiring all crypto asset trading platforms to sign a legally binding pre-registration commitment in order to continue operating in the country.Gemini quickly complied with the new requirements and submitted its pre-registration application on April 13. A spokesperson stated that Canada is "one of the most important and developed markets in the Americas" and has "played a significant role in Gemini's international expansion." Other major exchanges, including OKX, dYdX, Paxos, Bybit, and Binance, have also announced their exit from the Canadian market.

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ChainCatcher news, according to a report by Sina Weibo Finance, in order to implement the corporate主体责任, strictly enforce the "People's Bank of China Law," "Commercial Bank Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Cybersecurity Law of the People's Republic of China," "Telecommunications Regulations," "Regulations on Preventing and Dealing with Illegal Fundraising," "State Council's Decision on Cleaning Up and Regulating Various Trading Places to Effectively Prevent Financial Risks," and "Implementation Opinions of the General Office of the State Council on Cleaning Up and Regulating Various Trading Places" related management regulations.The Sina Weibo platform actively investigates and addresses user complaints, concentrating on handling information related to illegal virtual currency trading and speculation. According to relevant regulations, a total of 80 accounts have been closed this time. The violating accounts are shown in the image below.