Crypto.com will remove the Tether USDT stablecoin from its listing.
Tether doesn’t consider Canada to be their core market.
Crypto.com is restricting the Tether stablecoin (USDT) trading services in the Canadian region. This is seemingly the follow-up action by the largest crypto platforms after the Pre-Registration Undertaking (PRU) with the Ontario Securities Commission (OSC). And, Crypto.com will delist the USDT from 31st Jan 2023.
crypto dot com to delist USDT pic.twitter.com/3KD0gJlMkE
— chortly (@charlestrussel) January 10, 2023
Crypto.com users in Canada have received an update about the delisting via formal mail. The users are advised to transform or withdraw the USDT token by the mentioned date. If not done so, the platform will automatically transfer the tokens to USD coin (USDC), which seems to be a déjà vu.
Regulations for Stablecoins in Canada
On 12th Dec 2022, the OSC announced the measures to be undertaken by Canadian Securities Administrators (CSA) to super
We współpracy z: https://thenewscrypto.com/usdt-stablecoin-will-be-delisted-from-crypto-com-in-canada/
