Crypto.com has announced that it will no longer facilitate transactions that feature USDT as it looks to comply with the latest regulations issued by the Ontario Securities Commission (OSC).
The move to delist USDT comes after Canadian authorities outlined their commitment to more robust oversight of exchanges following the collapse of FTX.
Crypto.com To Delist USDT
One of the world’s biggest exchanges by trading volume, Crypto.com, has announced that it would be delisting Tether’s USDT stablecoin for users in Canada. The move means the exchange will no longer facilitate transactions using USDT in Canada and its associated regions. Crypto.com stated that it made the decision to comply with instructions from the Ontario Securities Commission (OSC) as part of its pre-registration undertaking of a restricted dealer license.
“Crypto.com has delisted USDT for users in Canada in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registr
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