"The adoption of the global bourse title has not been mentioned to satisfy regulators who are asking specific licenses to provide financial services to their citizens.
Japan
On June 25, the Japanese Financial Services Agency, or FSA, Pines was accused of working in the country without appropriate recording - might pave the way for a lengthy legal battle with regulators. This is because, unlike other jurisdictions, Japan has developed specific registration and operation rules for digital currency stocks since 2018 at least. Instead of compliance with directives, Pines decided to transfer operations to Malta in 2018.
Ontario (Canada)
At almost the same time, in which the Japanese Financial Supervision Authority has issued warning, Pines announced that it would stop all operations in Canadian Province, after the Regional Securities Regulatory Commission made action New comprehensive targeted digital currency stocks.
On April 19, the Securities Authority (INTER), or OSC, provided a new subscription publication and requirements for recording encrypted currency stocks. Using this as a criteria, the Securities Authority in Ontario has identified two encrypted currencies - PEEBIL and Kyokoon - allegedly violating Canadian securities laws.
Instead of compliance with new resolutions, Pines has decided to exit the fully market, giving users until the end of the year to filter their accounts and close them.
United Kingdom
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