Coinbase Becomes First International Crypto Exchange to Secure Restricted Dealer License in Canada

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Coinbase has secured a restricted dealer license from Ontario regulators, allowing it to operate legally in Canada. This makes Coinbase the first international crypto exchange to receive this registration in Canada. Canada introduced new rules in 2022 requiring crypto platforms to register and limiting certain investor deposits. Coinbase has nearly 200 employees in Canada, and the license supports Coinbase's global expansion plans outside the US market. Coinbase has also received approvals in European countries like Ireland and is building local compliance.