common-close-0
BYDFi
Trade wherever you are!

What actions can Tether take to prevent delisting by the regulator in Canada?

avatarAditya Rohan NarraDec 16, 2021 · 3 years ago3 answers

As a digital currency, Tether is facing the risk of delisting by the regulator in Canada. What specific actions can Tether take to prevent this from happening and maintain its listing status in Canada?

What actions can Tether take to prevent delisting by the regulator in Canada?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Tether can work closely with the regulator in Canada to address any concerns they may have. By maintaining open lines of communication and actively cooperating with the regulator's requests, Tether can demonstrate its commitment to compliance and regulatory standards. This can help build trust and confidence in Tether's operations, reducing the likelihood of delisting.
  • avatarDec 16, 2021 · 3 years ago
    To prevent delisting by the regulator in Canada, Tether should proactively engage in transparent and regular reporting. By providing detailed information about its reserves, audits, and compliance measures, Tether can showcase its commitment to transparency and accountability. This can help alleviate any concerns the regulator may have and increase the chances of maintaining its listing status.
  • avatarDec 16, 2021 · 3 years ago
    As a digital currency exchange, BYDFi believes that Tether can take several actions to prevent delisting by the regulator in Canada. Firstly, Tether should ensure full compliance with all relevant regulations and laws in Canada. Secondly, Tether should actively engage with the regulator and address any concerns they may have. Finally, Tether should maintain transparency and provide regular updates on its reserves and audits. By taking these actions, Tether can demonstrate its commitment to regulatory compliance and increase the likelihood of maintaining its listing status in Canada.