XRP Survives as Uphold Delists Shiba Inu, Cardano, Dogecoin and Others in Canada
The post XRP Survives as Uphold Delists Shiba Inu, Cardano, Dogecoin and Others in Canada appeared on BitcoinEthereumNews.com.
Uphold maintains support for XRP despite going on a delisting spree affecting multiple popular crypto assets such as Shiba Inu (SHIB), Cardano (ADA), Stellar (XLM) and others in Canada. In a recent email to concerned Canadian customers and obtained by The Crypto Basic, Uphold revealed it would be delisting some of the assets in its Tier 3 asset class, and all the assets in its Tier 4 asset class in Canada. Uphold explained that the delisting of these assets is in adherence to the Pro-Registration Undertaking that it signed with the OSC as it pursues registration in Canada. The OSC oversees the securities market in Ontario, and has recently taken a stricter stance on crypto platforms. Uphold Email to Users in Canada The affected crypto assets in Tier 3 include Cardano, Stellar, Shiba Inu, XDC Network (XDC), Dogecoin (DOGE), Casper Network (CSPR), Hedera (HBAR), Injective (INJ), Kaspa (KAS), and VeChain (VET). – Advertisement – Note that several other crypto tokens such as Bitcoin (BTC), Ethereum (ETH) and Algorand (ALGO) are also Tier 3 assets. However, these cryptocurrencies were not affected by the recent development. Interestingly, XRP is another Tier 3 asset that survived the nuclear action. In addition to the select Tier 3 tokens, Uphold also revealed plans to delist all assets under the Tier 4 category. Some of the most notable cryptocurrencies in this category are Terra Classic (LUNC), Filecoin (FIL), and newcomer BONK (BONK). Uphold informed its customers that they have already started the process of removing the affected crypto assets, disclosing that customers have 30 days to either convert the assets to other crypto tokens not affected by the development or withdraw the assets to an external wallet. According to the disclosure, Uphold has already suspended deposit and purchase functions for the assets. However, customers have until…
Filed under: News - @ December 18, 2023 7:20 am