Bad news for the Tether (USDT) stablecoin, something we at The Cryptonomist had already alluded to in terms of a potential downturn.
It appears that cryptocurrency exchange Crypto.com will remove the ability to conduct transactions associated with the stablecoin in Canada, resulting in its delisting.
In the region in question, Tether (USDT) represents the largest stablecoin by market capitalization, it will certainly be a blow to Canadian users of Crypto.com.
Crypto.com’s relationship with Tether (USDT) ends, for the time being only in Canada
A Crypto.com representative stated thus:
“Crypto.com has removed USDT for users in Canada in accordance with Ontario Securities Commission (OSC) instructions as part of our commitment to pre-register for a limited reseller license.”
Crypto.com users in Canada were informed of this news via email, but the news immediately made the rounds on social networks focused on the crypto world, namely Twitter and Reddit.
Despite various rumors
We współpracy z: https://en.cryptonomist.ch/2023/01/11/crypto-com-will-exclude-tether/
