OSC ordered to pay Binance $15k after ‘unreasonable’ probe request

A Canadian Court of Appeal ruled in favor of Binance, ordering the Ontario Securities Commission (OSC) to pay $15,000 after deeming the OSC's document production request unconstitutional. The court found the probe request to be unreasonable, highlighting the importance of protecting companies from excessive regulatory demands. This ruling is significant as it reinforces the legal boundaries of regulatory bodies and may impact future interactions between cryptocurrency firms and regulators in Canada.