IMPORTANT POINTS:
- Canada-based cryptocurrency exchange Uphold decided to delist Cardano, Shiba Inu and Dogecoin, despite the popularity of the assets.
- This happens due to the regulations imposed by the country, through the Ontario Securities Commission.
- Uphold will also delist seven other cryptocurrencies, such as VeChain and Injective.
The international exchange based in Canada, Uphold, announced this Wednesday that it will remove three of the most popular cryptocurrencies on the market from its platform: Cardano, Shiba Inu and Dogecoin.
This was reported by the exchange itself through an email, clarifying that it does so “ in line with the Pre-Registration Commitment that we have entered into with the Ontario Securities Commission as part of the process to obtain proper registration in Canada .”
Additionally, to comply with all the country’s regulatory requirements, Uphold will also delist seven other cryptocurrencies: XDC Network (XDC), Kaspa (KAS), Hedera (HBAR), Stellar (XLM), VeChain (VET), Injective ( INJ) and Casper (CSPR).
Other tokens under consideration for deletion are Terra Classic (LUNC) and the Solana-based memecoin, BONK.
Cardano leaves but Bitcoin and other important cryptos remain
Notably, crypto exchange Uphold will continue to trade Bitcoin , Ethereum , and XRP , despite its current dispute with the United States Securities and Exchange Commission.
Company users can no longer purchase or deposit these types of tokens, which will be removed. In addition, they will have time to sell their assets until January 15, 2024; Otherwise an automatic conversion will be made to Canadian dollars.
