Coinbase Suspends Trading of Select Stablecoins in Canada Following Regulatory Directives

Coinbase Suspends Trading of Select Stablecoins in Canada Following Regulatory Directives



Coinbase, a notable cryptocurrency exchange, has announced that starting September 2023, it will halt the trading of USDT, DAI, and RAI stablecoins for its Canadian clientele. This comes shortly after the platform's launch in Canada on Aug. 17. Against the backdrop, Coinbase highlighted that it regularly reviews its asset listings to ensure they align with established criteria.



Despite this trading halt, Canadians can still deposit and withdraw these stablecoins until September. Coinbase clarified its ongoing status by mentioning that its subsidiary, Coinbase Canada, Inc., is in the midst of registering across different provinces in Canada. The company emphasizes its commitment to fulfilling the terms of a current agreement until the final registration is accomplished.



Another platform, Crypto.com, has likewise ceased USDT


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#Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #DAI, #RAI, #Regulations, #USDT

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