Major Crypto Exchange Removes
Shiba Inu, Dogecoin and Cardano in Canada in
amid a wave of delisting, Stand...
Prominent cryptocurrency exchange Uphold has announced
recently a significant wave of delisting affecting
several important cryptocurrencies for their users in Canada, in a
measure that occurs after the platform classified several of
these tokens as Level 3.
According to an email sent to Canadian users, the
platform to delist 10 cryptocurrencies, including tokens
popular ones like Cardano ($ADA), Dogecoin ($DOGE) and Shiba Inu ($SHIB).
Their decision aligns with Uphold's efforts to comply with
Canada's cryptocurrency regulations, which allow you to eliminate
cryptocurrencies classified as Level 3 as part of the agreement of the
platform with the Ontario Securities Commission to facilitate your process
registration in the country.
Cryptocurrencies to be delisted also include XDC
Network ($XDC), Stellar ($XLM), Injective ($INJ) and Hedera ($HBAR). The
level 4 tokens including Terra Classic ($LUNC) and the memecoin $BONK
based on Solana, will also be removed from the list.
Maintain delisting of several assets in Canada
pic.twitter.com/ca0vUf53Qb
— BullishLife (@galtcoin432) December 17, 2023
Those who own affected tokens, such as Dogecoin, Shiba Inu and
Cardano, you have 30 days to withdraw these tokens or convert them into others
cryptocurrencies supported on Uphold.
Users who do not act before January 15, 2024 will see their
assets automatically converted to Canadian dollars (CAD).
Notably, the delisting did not affect the native XRP token
Ledger, XRP, or other leading cryptocurrencies, including Bitcoin and
Ethereum. Uphold is known for being pro-XRP, and recently launched a
airdrop of 10,000 tokens for users who met
specific eligibility requirements on the platform.
