Popular Cryptocurrency Exchange Will Delist USDT For Some Clients!

Popular cryptocurrency exchange Crypto.com has announced that it will cease and delist Tether (USDT) transactions for its Canadian customers.

In an email sent to Canadian customers by Crypto.com, it was announced that stablecoin USDT will be removed from the platform. This decision by Crypto.com FTX It was stated that it was put into use as a result of regulators around the world increasing their scrutiny of centralized exchanges (CEX) following its collapse. All USDT trading pairs as well as deposits and withdrawals January 31st It was stated that the day would be suspended. After this period, all remaining USDT balances automatically. will be converted to USDC.

A spokesperson for the stock market emphasized that this decision complies with the instructions of the Ontario Securities Commission (OSC) and stated that it is important to operate within the legal framework. In recent history Canadian Securities Managers (CSA) In a statement, it was announced that the current roles of stablecoins in Canadian capital markets are being investigated and will be subject to an evaluation process.

Especially terra (LUNA) functioning as the stablecoin of the ecosystem TOPAfter the shocking collapse of . States and regulatory agencies stepped up their work on this issue. Parallel to this, the stock markets, which are considered and contain billions of dollars, have begun to change their policies in line with the regulatory frameworks.

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