Crypto.com to Delist USDT for Users in Canada

“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 said.

The notice stated Crypto.com's support of Tether will end on Jan. 31, without specifically stating users in Canada would only be affected, prompting confusion on behalf of some on social media.

The exchange warned users that all trading, deposits, and withdrawals will not be facilitated after the deadline. Any remaining USDT balances would “automatically” be converted to Circle’s USD Coin.