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Coinbase to discontinue USDT trading in Canada

Coinbase, a cryptocurrency exchange, will suspend trading of the Tether (USDT $1.00), Dai (DAI $1.00) and RAI stablecoins, among others, for Canadian. It is expected that the suspension will be executed from August 31, 2023, stated Cointelegraph. Sources revealed that the exchange had officially launched its Canadian subsidiary just a few days before the announcement. The services were expected to be available to Canadian customers before that, Cointelegraph added. It is believed that on February 22, 2023, the Canadian Securities Administrators (CSA) posted a notice for the crypto exchange users or those pending registration to sign the legal undertakings with the regulatory body.

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