🇨🇦 #CryptoNews: CSA extends deadline for crypto trading platforms to comply with stablecoin regulation until December 31, 2024. This is the second extension!

🔹 The Reference Value Crypto Asset (VRCA) regulation was introduced from February 2023.

🔹 Stablecoins not backed by a single fiat currency are banned.

🔹 Stablecoins backed by a single fiat currency can still be traded until April 30, 2024.

📅 New deadline: December 31, 2024

CSA is open to alternative mechanisms if investor protection concerns are met.

📉 Several international exchanges leave Canada (OKX, dYdX, Paxos, Bybit, Binance).

📈 Kraken is determined to stay and achieve limited dealer status. Gemini has also applied.

What do you think of these new regulations? Comment below! 💬

#Blockchain#BTC#Finance#Regulation #TechNews