Exchanges in the crypto space have been given an extended deadline to meet new regulatory requirements. They will now have until the last week of November to ensure compliance with the latest guidelines.
This move comes as regulators aim to crack down on illicit activities in the cryptocurrency market. By giving exchanges more time to adapt to the new rules, authorities hope to enhance transparency and security in the industry.
Industry experts believe that this extended deadline will allow exchanges to make the necessary changes without disrupting their operations. It also gives them more time to implement robust compliance measures to protect their users and maintain the integrity of the market.
Overall, this extension is seen as a positive development for the cryptocurrency ecosystem, as it shows that regulators are willing to work with exchanges to ensure a safe and compliant trading environment for all participants.
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