Canada: Court of Appeal for Ontario ruled OSC does not have ability to revoke Summons and pre-compliance review of Summons generally not constitutionally required but particular Summons of Binance violates Charter
Description
Court of Appeal for Ontario ruled OSC does not have ability to revoke Summons and pre-compliance review of Summons generally not constitutionally required but particular Summons of Binance violates Charter
On 6 November 2025, the Court of Appeal for Ontario allowed Binance's appeal against the Divisional Court's decision, holding that the Divisional Court had erred in not judicially reviewing the 'Charter issues' raised by Binance. In this line of arg…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
judiciary
Government Body
court
Complete timeline of this policy change
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2023-05-10
under deliberation
2023-05-11
under investigation
2023-05-18
under appeal
2023-09-28
in force
2024-10-30
under appeal