Crypto.com is in the process of de-listing Tether (USDT) for Canadian users, effective from the end of this month.
A Crypto.com spokesperson says this decision was made “in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registration undertaking for a restricted dealer license.” Crypto.com filed its предрегистрација with the OSC at the beginning of August 2022.
Crypto.com has endured a number of major setbacks of its own in recent months. In October last year, it was forced to cut around 40% of its staff, and the company was involved in a battle against insolvency, triggered by weakness in its native Cronos token.
On December 12, 2022, the Canadian Securities Administrators issued an објава to reiterate that crypto exchanges in the country need to be registered with the securities regulators. It also reminded everybody that, in its opinion, “stablecoins…may constitute securities.”
Source: https://protos.com/license-hunting-crypto-com-kills-tether-for-canadian-users/