Paxos to end support for Canadian customers next month

Cryptocurrency financial services provider Paxos is exiting the Canadian market. The company told Canadian customers today in an email obtained by The Block, "Paxos has decided to no longer support customers in Canada moving forward, and given that your Paxos account remains unfunded, your account will be closed on May 9, 2023." was suspended.” A source familiar with the matter told The Block that the move was for regulatory reasons.