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Canada: Ontario Securities Commission's appointed investigator issued Summons to Binance requiring it to provide revenue, account, and communications information

Policy overview

Description

Ontario Securities Commission's appointed investigator issued Summons to Binance requiring it to provide revenue, account, and communications information

On 11 May 2023, the Ontario Securities Commission (OSC)'s appointed investigator issued a Summons to Binance requiring the company to provide revenue, account, and communications information. First, they required Binance to confirm the total revenue…

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

On 10 May 2023, the Ontario Securities Commission (OSC) Staff opened an investigation into Binance …

2023-05-11
under investigation

On 11 May 2023, the Ontario Securities Commission (OSC)'s appointed investigator issued a Summons t…

2023-05-18
under appeal

On 18 May 2023, following a prior investigation of Binance by the Ontario Securities Commission (OS…

2023-09-28
in force

On 28 September 2023, the Divisional Court denied Binance's judicial review application and stay re…

2024-10-30
under appeal

On 30 October 2024, the Court of Appeal for Ontario accepted Binance's appeal of the Divisional Cou…

2025-11-06
in force

On 6 November 2025, the Court of Appeal for Ontario allowed Binance's appeal against the Divisional…