Ethereum

Cryptocurrency

Wrapped Bitcoin

Bitcoin

Axelar

In a recent development, Kraken, a popular cryptocurrency exchange, announced that it will suspend Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Wrapped Ethereum (WETH) and Wrapped Axelar (WAXL) trading in Canada.
The changes will go into effect on November 30, as reported in customer emails obtained by Cointelegraph.
A Kraken spokesperson confirmed the suspensions via email, stating that the platform constantly checks its listed assets to ensure compliance with the highest standards in the crypto industry. The decision comes in response to recent regulatory changes in Canada and was made after extensive discussions with the Canadian Securities Administrators (CSA) and the Ontario Securities Commission (OSC).
Related News: <a href="https://en.bitcoinsistemi.com/breaking-launch-date-of-dogecoins-doge-1-space-mission-postponed/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Launch Date of Dogecoin's DOGE-1 Space Mission Postponed</a>
However, as of November 30, deposit and trading functions will cease for the assets mentioned above. Users will no longer be able to withdraw these assets as of December 4.
The email also explained that the remaining relevant assets will be converted into US dollars at the prevailing market rate as of December 5. The converted amount will then be transferred to users' accounts.
*This is not investment advice.
 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/kraken-announces-suspension-of-trading-in-five-cryptocurrencies-in-canada/">Kraken Announces Suspension of Trading in Five Cryptocurrencies in Canada</a>

Kraken Announces Suspension of Trading in Five Cryptocurrencies in Canada

Bitcoin Sistemi EN

Other articles published on Oct 28, 2023

European Regulators Assess DeFi Risks; Uniswap Launches Android Wallet

IBM Launches Groundbreaking AI Tool for Code Modernization

Is $40 Incoming for Solana? Traders Think This Token Could Explode Next

$10 Million in Solana Tokens Moved to Binance – SOL Price Impact?

AMC Stock Seeking Reversal as MACD Reflecting Positivity

Bitcoin Has Rising Momentum: A Comprehensive Technical Analysis Across Timeframes

Join our free newsletter for daily crypto updates!