Kalakshar US

Canadians will no longer have access to the largest cryptocurrency exchange in the world. Binance has announced that it’s withdrawing from the Canadian marketplace due to new stablecoin and investor limits in the country. Back in February, the Canadian Securities Administrators (CSA) released new guidance that gives crypto trading platforms operating in the region 30 days to register or to leave. The crypto firms that decide to register and stay will have to adhere to stricter rules, such as seeking the CSA’s approval before allowing users to buy or deposit stablecoins. 

According to CoinDesk, Binance will have to pass authorities’ due diligence checks before it gets approval. The crypto exchange has been under intense scrutiny in North America over the past years. In the US, the DOJ and the Internal Revenue Service have been looking into reports that Binance is being used for money laundering schemes since 2021. It’s also reportedly under investigation for allowing users to bypass sanctions against Russian financial institutions. In March this year, the Commodity Futures Trading Commission charged Binance for allegedly offering unregistered crypto derivatives, among other things. 

In its announcement, Binance said it put off the decision as long as it could “to explore other reasonable avenues to protect [its] Canadian users.” Indeed, Bloomberg says its Canadian affiliate filed paperwork to begin its registration process in March. But in the end, it had decided that continuing its operations in the country is “no longer tenable.”

Binance ended its announcement with a note saying it’s confident it will return to Canada, it’s CEO Changpeng Zhao’s home country, someday. It also said it hopes to continue engaging with Canadian authorities when it comes to forming a “thoughtful, comprehensive regulatory framework.”

This article originally appeared on Engadget at https://www.engadget.com/binance-leaves-canada-due-to-stricter-crypto-rules-140134938.html?src=rss 

If you’ve been eyeing Apple’s 5th-generation iPad Air for a while, now is a great time to purchase one. On Amazon, a handful of the 64GB WiFi models are $99 off at the moment. Specifically, you can get the Space Gray, Blue and Starlight colorways for $500. That’s a record-low price for the iPad Air.

Of all the different tablet models Apple currently offers, the iPad Air is the one that’s the best for most people. Engadget Deputy Editor Nathan Ingraham awarded the tablet a score of 90 when he reviewed it last spring. The iPad Air features the same elegant design language as the iPad Pro while costing significantly less. It’s also no slouch, with Apple adding its M1 system-on-a-chip to the 2022 model. That’s the same processor you’ll find on some of the company’s older Mac laptops, making it more than powerful enough to handle any task you could throw at it. The iPad Air also comes with a bright and vivid 10.9-inch display, a USB-C port for charging and a battery that can power the device for about 12 hours before it needs time at the outlet. About the only issue with the iPad Air is that the base model only comes with 64GB of storage. Keep that in mind if you decide to take advantage of Amazon’s sale.

Follow @EngadgetDeals on Twitter and subscribe to the Engadget Deals newsletter for the latest tech deals and buying advice.

This article originally appeared on Engadget at https://www.engadget.com/apples-m1-ipad-air-drops-to-500-at-amazon-153725318.html?src=rss 

The National Highway Traffic Safety Administration (NHTSA) is calling for a recall of 67 million airbag inflators after a lengthy investigation over allegations that they could rupture and injure drivers and passengers. These inflators were designed by ARC Automotive, Inc. and were manufactured for the US market during the 18-year period before January 2018. They were supplied to six airbag manufacturers, which then incorporated them into the airbag modules used in vehicles by at least 12 automakers. 

In the NHTSA’s letter (PDF) to ARC urging the company to issue a recall, it listed nine incidents wherein a driver (and, in some cases, a passenger) had been injured because an inflator had ruptured. Seven of those incidents happened in the US, and one had resulted in death. There was one other incident outside the US wherein the driver had sustained fatal injuries. The agency wrote in its letter: “Air bag inflators that project metal fragments into vehicle occupants, rather than properly inflating the attached air bag, create an unreasonable risk of death and injury.”

ARC, however, disagrees with the agency’s tentative conclusion that certain inflators manufactured by the company have a safety defect. “After nearly eight years of intensive scrutiny, none of [the manufacturers using its products] has identified a systemic or prevalent defect across this inflator population,” the company wrote in a response letter (PDF) addressed to the NHTSA. It also mentioned a test on 918 inflators taken from vehicles in salvage yards. Apparently, none of them exploded when they were subjected to various testing in the lab. 

ARC said it believes the incidents wherein the inflators had ruptured resulted from “one-off” manufacturing anomalies that had already been properly addressed by automakers though lot-specific recalls. GM, for one, issued a recall (PDF) on May 10th for 1 million vehicles that “may have received a suspect airbag inflator.” The NHTSA warned the company, though, that it will have to write a full explanation with “additional analysis of the problem beyond ARC’s past presentations” it it decides not to issue a recall. Further, it might still decide that ARC’s inflators have a safety defect, and it “may take other appropriate action.”

The NHTSA has been investigating airbag rupture-related incidents over the past 15 years. Over 67 million airbags by the now defunct Japanese manufacturer Takata have already been recalled in the United States, with 100 million more recalled around the world. Like the ARC-made inflators, Takata’s could also explode and unleash metal fragments inside the vehicle. Takata’s airbags were involved in at least 18 deaths and more than 400 injuries, which led to numerous lawsuits, a massive settlement and, ultimately, the company’s closure. 

This article originally appeared on Engadget at https://www.engadget.com/us-transportation-authorities-want-to-recall-67-million-airbag-inflators-113131045.html?src=rss