**Crypto Regulation Deadline Extended Again in Canada**

The Canadian Securities Administrators (CSA) have once more extended the deadline for crypto trading platforms to comply with stablecoin regulations. Initially set for April 30, 2024, the deadline has now been pushed to December 31, 2024.

**Key Points:**

- **Background:** Restrictions on value-referenced crypto assets (VRCAs) were introduced in February 2023. Stablecoins not backed by a single fiat currency were prohibited by the end of that year.

- **Extensions:** The original April 30 deadline was first moved to October 31, and now to December 31.

- **CSA's Stance:** The CSA is open to alternative mechanisms for compliance, emphasizing investor protection.

- **Market Impact:** Some exchanges like OKX, dYdX, Paxos, Bybit, and Binance exited Canada, while others like Kraken and Gemini are committed to staying and complying with regulations.

Stay tuned for further updates as the crypto landscape in Canada continues to evolve.