Summary
Coinbase has joined the Canadian Web3 Council to push back against recent legislation driving crypto companies out of Canada. Other exchanges like Binance, Bybit, and Bittrex have already pulled out of the country due to regulatory developments.
Key Points
1. Coinbase has joined the Canadian Web3 Council in an effort to push back against recent legislative and regulatory initiatives in Canada that are causing crypto companies to leave the country.
2. Several exchanges, including Binance, Bybit, dYdX, OKX, Paxos, and Bittrex, have decided to pull out of Canada due to these regulatory developments.
3. Bittrex, one of the exchanges that left Canada, has since declared bankruptcy as a result of the regulatory challenges in the country.