Are there any regulatory concerns that led to the decision to delist Tether in Canada?

3 answers

• Feb 17, 2022 · 3 years ago
  The decision to delist Tether in Canada was primarily driven by regulatory concerns surrounding the stablecoin. The Canadian government has expressed worries about the lack of transparency and regulatory oversight in the operations of Tether. This decision aims to protect Canadian investors from potential risks associated with Tether's operations. The delisting of Tether in Canada may have a short-term impact on the cryptocurrency market, as it reduces the availability of a widely used stablecoin. However, it also sends a message to the market that regulatory compliance is a priority in Canada, which can contribute to the long-term stability and trust in the cryptocurrency industry.
  691346
• Feb 17, 2022 · 3 years ago
  Yeah, so the thing is, the Canadian government wasn't really happy with how Tether was operating. They had some concerns about the lack of transparency and regulation in Tether's operations. So, they made the decision to delist Tether in Canada to protect investors from potential risks. This move might have some impact on the crypto market in Canada, as Tether is a popular stablecoin. But hey, it also shows that the Canadian government is serious about regulating the crypto industry and making sure things are done right.
  526176
• Feb 17, 2022 · 3 years ago
  The decision to delist Tether in Canada was made by the regulatory authorities in the country. They have raised concerns about the lack of transparency and regulatory oversight in Tether's operations. These concerns are not specific to Tether alone but are part of a broader effort to ensure the stability and integrity of the cryptocurrency market in Canada. The delisting of Tether in Canada is a step towards enforcing stricter regulations and protecting investors from potential risks. It is important for the industry to work towards greater transparency and regulatory compliance to build trust and foster the growth of the cryptocurrency market.
  652163