News in Brief
Binance pulls out of Canada
REUTERS – Binance said it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations.
Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to the rules will face potential enforcement action, according to the website of the Ontario Securities Commission.
Argentina seeking
new pipeline to move gas supply
CNBC – Argentina’s government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country, Economy Minister Sergio Massa said.
Vaca Muerta is a massive shale formation in western Argentina seen as key to boosting the South American country’s gas supplies and lessening the need for pricey imports.
G-7 finance chiefs warn of global uncertainty
ISNA – Finance leaders of the Group of Seven (G-7) rich nations warned of heightening global economic uncertainty on Saturday as they wrapped up a three-day meeting overshadowed by a US debt ceiling stalemate and fallout from Ukraine war.
G-7 central bank chiefs also vowed to combat “elevated” inflation and ensure expectations on future price moves remained well-anchored, a sign many of them will not let their guard down against stubbornly high inflation.