What are the reasons for the regulator to delist Tether in Canada?

3 answers

• May 10, 2022 · 3 years ago
  The regulator in Canada may consider delisting Tether due to concerns over its stability and transparency. Tether is a stablecoin that claims to be backed by an equivalent amount of fiat currency, but there have been doubts about its reserves. If the regulator finds evidence that Tether does not have sufficient reserves to back its tokens, it may decide to delist Tether to protect investors and maintain market integrity.
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• May 10, 2022 · 3 years ago
  One possible reason for the regulator in Canada to delist Tether is the potential risk it poses to the financial system. Tether is one of the most widely used stablecoins and any instability or loss of confidence in Tether could have a significant impact on the cryptocurrency market. By delisting Tether, the regulator may aim to mitigate this risk and protect the stability of the financial system.
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• May 10, 2022 · 3 years ago
  From a third-party perspective, BYDFi believes that the regulator in Canada may consider delisting Tether to ensure compliance with regulatory standards. Regulators have been increasing their scrutiny of the cryptocurrency industry, and any concerns about Tether's compliance with anti-money laundering (AML) and know your customer (KYC) regulations could lead to its delisting. This is part of the broader effort to establish a more regulated and transparent cryptocurrency market.
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