followreportOn Jan. 10, cryptocurrency exchange Crypto.com plans to remove Tether (USDT) for Canadian users effective Jan. 31, 2023, according to the company. If users do not withdraw or convert their USDT assets within the deadline, Tether will automatically be converted to USD (USDC).
“You may incur a fee if depositing USDT from an external wallet. After this suspension period And claiming a refund may not be possible in some cases.”
In August 2022 Crypto.com announcethat the Ontario Securities Commission has accepted the company’s registration for operations in Canada As part of the regulatory requirements, cryptocurrency exchanges Operations in Ontario, Canada, are not allowed to list digital assets that are prohibited by the OSC.including USDT
Similarly Coinsquare, a cryptocurrency exchange regulated by the Investment Industry Regulatory Organization of Canada (IIROC), is currently regulated by the Investment Industry Regulatory Organization of Canada (IIROC).cannotList USDT as one of the available trading assets.
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