The Ontario Securities Commission initiated what the crypto-trading giant characterized as “an extremely broad inquiry” into possible compliance violations earlier this month, about one week after Binance informed the Alberta Securities Commission of its plans to exit Canada and two days before it made that plan public, according to the platform. Binance has asked the Capital Markets Tribunal to quash the probe. (The Logic)

Talking point: It looks like Binance isn’t finished tussling with Canadian regulators after all. Binance announced its exit from Canada after a long, tumultuous journey that included a spat with the OSC that ended in a legally binding commitment that included an agreement to cease trading in the province. Binance said the securities regulator is seeking to determine whether it attempted to circumvent provincial law or break that commitment and is asking for records of all internal communications at the company regarding the country, among other records. Kristen Rose, a spokesperson for the OSC, declined to say whether the regulator will fight Binance’s attempt to quash the investigation order.