Bitstamp crypto -rope leaves Canada – Bits Media

Bitstamp cryptocurrency exchange announced the termination of its activities in Canada due to a too tough policy of regulatory authorities.

General Director of BITSTAMP in the USA Bobby Zagott (Bobby Zagotta) Clarified, that the exchange will stop providing cryptocurrency services in Canada with 8 january 2024 of the year. Although the reason for the departure of the exchange is not formally called, Zagott admitted, that “it was a difficult solution, caused by the general tightening of the rules of cryptocurrency regulation in the country ".

Canadian users are recommended to withdraw funds to the January date, and then deactivate accounts.

The mass exodus of crypto -films from Canada was the result of the introduction of new requirements from the Canadian Association of Securities Administrators (CSA) In relation to registration and operating activities with digital assets. Earlier, Binance reported their departure and termination of activities in Canada, Paxos, DyDx, Bybit и OKX.

The other day, CSA published a guide for cryptocurrency exchanges and emitters of stablcoins. The regulator has introduced new requirements, substantially limiting the activities of the participants in the industry.