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Crypto.com Will Delist Tether in Canada to Comply With Ontario Regulator

Cryptocurrency exchange Crypto.com will no longer facilitate transactions involving Tether in Canada and plans to delist the largest stablecoin by market capitalization for customers in the region.

“Crypto.com has delisted USDT for users in Canada in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registration undertaking for a restricted dealer license,” a spokesperson for Crypto.com told Decrypt.

Canadian users of the exchange were notified about the company’s change in policy on Tuesday via email, as images of the delisting notice began to crop on both Reddit and Twitter.

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