Canada Sets New Deadline for Crypto Platforms to Comply with Stablecoin Regulations

The Canadian Securities Administrators (CSA) announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCA), with a new compliance deadline set for December 31, 2024. The updated regulations emphasize transparency and investor protection by requiring stablecoin issuers to maintain adequate reserves with qualified custodians and publicly disclose information about (…)