See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Indonesia plans to set up a crypto exchange and transfer the virtual asset's management from the Commodity Futures Trading Authority (Bappebti)<\/a> to the Financial Services Authority (FSA)<\/a>.<\/p>\n\n\n\n See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Stablecoin USDT has been rumoured to lack the reserve backing it claims to have since its issuer, Tether Holdings Ltd, started releasing more of the currency into circulation. According to data shared by CoinMarketCap, the number of USDT in circulation currently stands at 66.27 billion, with an overall market cap of $66.28 billion, also ranked third in the crypto list. The fast-paced growth of the digital currency has caused concerns among the US regulators, including the SEC, which see the stablecoin as a threat to their financial systems.<\/p>\n","post_title":"Canada Forces CryptoCom To Delist USDT; Saying It Constitutes 'Securities And Or Derivatives'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"canada-forces-cryptocom-to-delist-usdt-saying-it-constitutes-securities-and-or-derivatives","to_ping":"","pinged":"","post_modified":"2023-01-11 22:14:13","post_modified_gmt":"2023-01-11 11:14:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9329","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9270,"post_author":"16","post_date":"2023-01-10 21:14:25","post_date_gmt":"2023-01-10 10:14:25","post_content":"\n Indonesia plans to set up a crypto exchange and transfer the virtual asset's management from the Commodity Futures Trading Authority (Bappebti)<\/a> to the Financial Services Authority (FSA)<\/a>.<\/p>\n\n\n\n See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"\u2026CSA is of the view that stablecoins, or stablecoin arrangements, may constitute securities and or derivatives. Crypto trading platforms registered or entered into a pre-registration undertaking are reminded that they are prohibited from permitting Canadian clients to trade, or obtain exposure to, any crypto asset that is itself a security or a derivative,<\/em>\" the agency said.<\/p>\n\n\n\n Stablecoin USDT has been rumoured to lack the reserve backing it claims to have since its issuer, Tether Holdings Ltd, started releasing more of the currency into circulation. According to data shared by CoinMarketCap, the number of USDT in circulation currently stands at 66.27 billion, with an overall market cap of $66.28 billion, also ranked third in the crypto list. The fast-paced growth of the digital currency has caused concerns among the US regulators, including the SEC, which see the stablecoin as a threat to their financial systems.<\/p>\n","post_title":"Canada Forces CryptoCom To Delist USDT; Saying It Constitutes 'Securities And Or Derivatives'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"canada-forces-cryptocom-to-delist-usdt-saying-it-constitutes-securities-and-or-derivatives","to_ping":"","pinged":"","post_modified":"2023-01-11 22:14:13","post_modified_gmt":"2023-01-11 11:14:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9329","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9270,"post_author":"16","post_date":"2023-01-10 21:14:25","post_date_gmt":"2023-01-10 10:14:25","post_content":"\n Indonesia plans to set up a crypto exchange and transfer the virtual asset's management from the Commodity Futures Trading Authority (Bappebti)<\/a> to the Financial Services Authority (FSA)<\/a>.<\/p>\n\n\n\n See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Canada is keen to regulate new crypto firms operating in the country that have been registered or are in the process of undergoing registration. On December 12, the Canadian Securities Administrators (CSA) issued a statement<\/a> describing stablecoins<\/a> - such as USDT - as securities or derivatives.<\/p>\n\n\n\n \"\u2026CSA is of the view that stablecoins, or stablecoin arrangements, may constitute securities and or derivatives. Crypto trading platforms registered or entered into a pre-registration undertaking are reminded that they are prohibited from permitting Canadian clients to trade, or obtain exposure to, any crypto asset that is itself a security or a derivative,<\/em>\" the agency said.<\/p>\n\n\n\n Stablecoin USDT has been rumoured to lack the reserve backing it claims to have since its issuer, Tether Holdings Ltd, started releasing more of the currency into circulation. According to data shared by CoinMarketCap, the number of USDT in circulation currently stands at 66.27 billion, with an overall market cap of $66.28 billion, also ranked third in the crypto list. The fast-paced growth of the digital currency has caused concerns among the US regulators, including the SEC, which see the stablecoin as a threat to their financial systems.<\/p>\n","post_title":"Canada Forces CryptoCom To Delist USDT; Saying It Constitutes 'Securities And Or Derivatives'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"canada-forces-cryptocom-to-delist-usdt-saying-it-constitutes-securities-and-or-derivatives","to_ping":"","pinged":"","post_modified":"2023-01-11 22:14:13","post_modified_gmt":"2023-01-11 11:14:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9329","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9270,"post_author":"16","post_date":"2023-01-10 21:14:25","post_date_gmt":"2023-01-10 10:14:25","post_content":"\n Indonesia plans to set up a crypto exchange and transfer the virtual asset's management from the Commodity Futures Trading Authority (Bappebti)<\/a> to the Financial Services Authority (FSA)<\/a>.<\/p>\n\n\n\n See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Canada is keen to regulate new crypto firms operating in the country that have been registered or are in the process of undergoing registration. On December 12, the Canadian Securities Administrators (CSA) issued a statement<\/a> describing stablecoins<\/a> - such as USDT - as securities or derivatives.<\/p>\n\n\n\n \"\u2026CSA is of the view that stablecoins, or stablecoin arrangements, may constitute securities and or derivatives. Crypto trading platforms registered or entered into a pre-registration undertaking are reminded that they are prohibited from permitting Canadian clients to trade, or obtain exposure to, any crypto asset that is itself a security or a derivative,<\/em>\" the agency said.<\/p>\n\n\n\n Stablecoin USDT has been rumoured to lack the reserve backing it claims to have since its issuer, Tether Holdings Ltd, started releasing more of the currency into circulation. According to data shared by CoinMarketCap, the number of USDT in circulation currently stands at 66.27 billion, with an overall market cap of $66.28 billion, also ranked third in the crypto list. The fast-paced growth of the digital currency has caused concerns among the US regulators, including the SEC, which see the stablecoin as a threat to their financial systems.<\/p>\n","post_title":"Canada Forces CryptoCom To Delist USDT; Saying It Constitutes 'Securities And Or Derivatives'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"canada-forces-cryptocom-to-delist-usdt-saying-it-constitutes-securities-and-or-derivatives","to_ping":"","pinged":"","post_modified":"2023-01-11 22:14:13","post_modified_gmt":"2023-01-11 11:14:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9329","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9270,"post_author":"16","post_date":"2023-01-10 21:14:25","post_date_gmt":"2023-01-10 10:14:25","post_content":"\n Indonesia plans to set up a crypto exchange and transfer the virtual asset's management from the Commodity Futures Trading Authority (Bappebti)<\/a> to the Financial Services Authority (FSA)<\/a>.<\/p>\n\n\n\n See Related:<\/em><\/strong> South Korean Market Bustled As Binance Acquires Gopax<\/a><\/p>\n","post_title":"Indonesia Will Have Its Own Practical Crypto Exchange In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-will-have-its-own-practical-crypto-exchange-in-2023","to_ping":"","pinged":"","post_modified":"2023-01-10 21:17:50","post_modified_gmt":"2023-01-10 10:17:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9270","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n Cryptocurrency exchange Crypto.com has written<\/a> to its users that it is removing USDT \u2013 the top-ranking stablecoin \u2013 for its Canadian users in compliance with the country's regulations. In an email shared by sources on Reddit, the Hong Kong-based firm has given users until January 31 to exchange their USDT holdings or convert to other currencies.<\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n","post_title":"Hong Kong, The New Asian Crypto Hub?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-the-new-asian-crypto-hub","to_ping":"","pinged":"","post_modified":"2023-01-14 16:20:10","post_modified_gmt":"2023-01-14 05:20:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9329,"post_author":"13","post_date":"2023-01-11 22:12:14","post_date_gmt":"2023-01-11 11:12:14","post_content":"\n Cryptocurrency exchange Crypto.com has written<\/a> to its users that it is removing USDT \u2013 the top-ranking stablecoin \u2013 for its Canadian users in compliance with the country's regulations. In an email shared by sources on Reddit, the Hong Kong-based firm has given users until January 31 to exchange their USDT holdings or convert to other currencies.<\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n","post_title":"Hong Kong, The New Asian Crypto Hub?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-the-new-asian-crypto-hub","to_ping":"","pinged":"","post_modified":"2023-01-14 16:20:10","post_modified_gmt":"2023-01-14 05:20:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9329,"post_author":"13","post_date":"2023-01-11 22:12:14","post_date_gmt":"2023-01-11 11:12:14","post_content":"\n Cryptocurrency exchange Crypto.com has written<\/a> to its users that it is removing USDT \u2013 the top-ranking stablecoin \u2013 for its Canadian users in compliance with the country's regulations. In an email shared by sources on Reddit, the Hong Kong-based firm has given users until January 31 to exchange their USDT holdings or convert to other currencies.<\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n","post_title":"Hong Kong, The New Asian Crypto Hub?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-the-new-asian-crypto-hub","to_ping":"","pinged":"","post_modified":"2023-01-14 16:20:10","post_modified_gmt":"2023-01-14 05:20:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9329,"post_author":"13","post_date":"2023-01-11 22:12:14","post_date_gmt":"2023-01-11 11:12:14","post_content":"\n Cryptocurrency exchange Crypto.com has written<\/a> to its users that it is removing USDT \u2013 the top-ranking stablecoin \u2013 for its Canadian users in compliance with the country's regulations. In an email shared by sources on Reddit, the Hong Kong-based firm has given users until January 31 to exchange their USDT holdings or convert to other currencies.<\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n","post_title":"Hong Kong, The New Asian Crypto Hub?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-the-new-asian-crypto-hub","to_ping":"","pinged":"","post_modified":"2023-01-14 16:20:10","post_modified_gmt":"2023-01-14 05:20:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9329,"post_author":"13","post_date":"2023-01-11 22:12:14","post_date_gmt":"2023-01-11 11:12:14","post_content":"\n Cryptocurrency exchange Crypto.com has written<\/a> to its users that it is removing USDT \u2013 the top-ranking stablecoin \u2013 for its Canadian users in compliance with the country's regulations. In an email shared by sources on Reddit, the Hong Kong-based firm has given users until January 31 to exchange their USDT holdings or convert to other currencies.<\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n","post_title":"Hong Kong, The New Asian Crypto Hub?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-the-new-asian-crypto-hub","to_ping":"","pinged":"","post_modified":"2023-01-14 16:20:10","post_modified_gmt":"2023-01-14 05:20:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9329,"post_author":"13","post_date":"2023-01-11 22:12:14","post_date_gmt":"2023-01-11 11:12:14","post_content":"\n Cryptocurrency exchange Crypto.com has written<\/a> to its users that it is removing USDT \u2013 the top-ranking stablecoin \u2013 for its Canadian users in compliance with the country's regulations. In an email shared by sources on Reddit, the Hong Kong-based firm has given users until January 31 to exchange their USDT holdings or convert to other currencies.<\/p>\n\n\n\n According to the announcement, users who should not have converted their USDT balances will be automatically converted to USDC stablecoin. \"Tether (USDT) will no longer be supported in the Crypto.com app. On January 31, 2023, at 01.00 EST, USDT will be delisted, and all USDT transactions will be suspended,\" the announcement noted. <\/p>\n\n\n\n See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
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Canada Tightens Controls Among Pre-registered Crypto Companies<\/h2>\n\n\n\n
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