Binance, the world's largest cryptocurrency exchange, has announced that it will cease operations in Canada due to tightened crypto rules. The company had hoped to protect its Canadian users but has now concluded that it is no longer tenable to operate in the country due to new guidance related to stablecoins and investor limits. Binance's exit from Canada comes after the Canadian Securities Administrators regulatory body said in February that crypto firms planning to operate in Canada must register their compliance with a new set of regulatory guidelines. In the US, Binance and its founder Changpeng Zhao are facing a lawsuit from the Commodity Futures Trading Commission (CFTC) for allegedly offering unregistered cryptocurrency derivatives.