Canada extends compliance deadline for crypto trading platforms to end of 2024

BlockBeats news, on September 29, according to DLNews, the Canadian securities regulator extended the compliance period for cryptocurrency trading platforms to the end of 2024. Previously, the period was scheduled to expire in October this year. The Canadian Securities Administrators (CSA) said the move was prompted by ongoing concerns about the risks of stablecoins and that investor protection is a top priority. The new deadline gives trading platforms more time to meet regulatory requirements or come up with safer alternatives. If platforms fail to comply by the end of the year, they could face penalties including banning certain products from Canadian users. In recent years, a number of major global crypto trading platforms, including Binance, KuCoin and Poloniex, have been forced to withdraw from the Canadian market.

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