PANews reported on October 1 that according to Cointelegraph, Gemini said in an email to Canadian users that it would clear all Canadian accounts by December 31 and informed users that they had 90 days to withdraw assets from the platform. A few months ago, Canadian financial regulators jointly introduced regulatory regulations for cryptocurrency exchanges and trading platforms operating in Canada, and Gemini took a sudden move for this reason. On February 22, the Canadian Securities Administrators (CSA) issued a notice requiring all crypto asset trading platforms to sign a legally binding pre-registration commitment in order to continue operating in the country.