The Ontario Court of Appeal has ruled that the Ontario Securities Commission's (OSC) documentation demands on Binance were excessively broad, violating Article 8 of the Charter of Rights and Freedoms. The court found the OSC's request for Binance to submit all communications over two and a half years as unreasonable, emphasizing that while capital market participants have reduced privacy expectations, they are still protected under the Charter. The court also noted that Binance's use of privacy-preserving tools like Signal does not imply regulatory obstruction, marking a significant stance on privacy tools in the crypto sector.