Stablecoin

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2024

Solana

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<p><strong>Key points</strong>:</p>  
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 <li><em>Stablecoin risks prompt tighter Canadian crypto exchange regulations.</em></li>  
 <li><em>Coinbase, Kraken, and Bitget remain trading volume leaders.</em></li> 
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<h5 class="wp-block-heading"><strong>Canada extends crypto compliance deadline to the end of 2024, giving exchanges more time to meet requirements amid concerns over stablecoin risks.</strong></h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6320970861095533790-y.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6320970861095533790-y-1024x576.jpg" alt="Canada Extends Crypto Compliance Deadline Amid Stablecoin Risks" class="wp-image-284876"></a>
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<h2 class="wp-block-heading" id="strong-canada-extends-crypto-compliance-deadline-to-end-of-2024-strong"><strong>Canada Extends Crypto Compliance Deadline to End of 2024</strong></h2>  
<p>Due to concerns over stablecoin risks, Canada has extended its crypto compliance <a href="https://www.securities-administrators.ca/news/csa-provides-update-to-crypto-asset-trading-platforms-about-value-referenced-crypto-assets/#N21333" target="_blank" rel="noopener noreferrer nofollow">deadline</a> to the end of 2024. Exchanges have to comply with new regulations on pain of penalties.</p>  
<p>The extension buys platforms more time, either to propose a safer alternative or simply to comply with the regulations. Major Exchanges like Binance and KuCoin have exited while others like Kraken remain.</p>  
<p class="has-background" style="background-color:#222222"><strong>Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/264674-3iq-solana-etp-expected-in-canada/" target="_blank" data-type="link" data-id="https://coincu.com/264674-3iq-solana-etp-expected-in-canada/" rel="noopener noreferrer nofollow">3iQ Solana ETP Expected to Make its First Appearance in Canada</a></strong></p>  
<h2 class="wp-block-heading" id="strong-csa-cites-stablecoin-risks-in-extending-crypto-compliance-deadline-strong"><strong>CSA Cites Stablecoin Risks in Extending Crypto Compliance Deadline</strong></h2>  
<p>The CSA moved to extend the crypto compliance deadline to emphasize investor protection. It has been a very tricky area: regulating stablecoins pegged to the traditional currencies.</p>  
<p>Due to non-compliance with the new regulations for exchanges, some penalties or product restrictions may well arise. For having licensed platforms such as Kraken and Coinbase continue to operate, it's done under tighter rules.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Canada Extends Crypto Compliance Deadline Amid Stablecoin Risks

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