Canada has extended the compliance deadline for cryptocurrency exchanges by two months, giving them until the end of the year to meet the new regulatory requirements. The deadline was originally set for October 31st, but the Canadian Securities Administrators (CSA) announced the extension on Monday. The CSA said the extension is intended to give exchanges more time to prepare for the new rules, which include requirements for registration, anti-money laundering, and investor protection. Exchanges that fail to comply with the new rules by the end of the year could face restrictions on their operations in Canada. The new regulatory framework for crypto assets was announced in April and has already resulted in several exchanges withdrawing their operations from Canada, including Binance, OKX, Paxos, Blockchain.com, Deribit, and Bybit. The CSA said it is working with exchanges to help them meet the new requirements and that it is committed to ensuring that Canada remains a safe and well-regulated place to trade crypto assets.