Breaking: Coinbase to suspend USDT trading for Canadian users

Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31. In an August 17 e-mail notice to users, Coinbase stated that “we routinely keep an eye on the assets on our exchange to guarantee they satisfy our listing standards,” and based on its review, trading of the abovementioned stablecoins will no longer be available to Canadian users starting September.However, Canadian users can still transfer and withdraw the stablecoins after the proposed due date. On February 22, the Canadian Securities Administrators (CSA) published a notice requiring registered crypto exchanges or those pending registration to sign lawfully binding endeavors with the regulatory body.

Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31. In an August 17 e-mail notification to users, Coinbase stated that “we routinely monitor the possessions on our exchange to guarantee they meet our listing standards,” and based on its evaluation, trading of the previously mentioned stablecoins will no longer be offered to Canadian users beginning September.However, Canadian users can still transfer and withdraw the stablecoins after the proposed due date. On February 22, the Canadian Securities Administrators (CSA) released a notification requiring signed up crypto exchanges or those pending registration to sign lawfully binding undertakings with the regulative body.