Why has XRP been delisted from bitbuy?

In consideration of new regulatory requirements for Canadian cryptocurrency platforms, Bitbuy has delisted XRP as of January 13th, 2022. Please note that as of January 13th, 2022 9:00 am EST users are no longer be able to trade XRP/CAD or XRP/BTC markets and you are no longer able to make new XRP deposits to their Bitbuy account wallet.

Why is Ripple (XRP) being delisted?

In the lawsuit, the SEC alleged that Ripple Labs sold unregistered securities during its coin offering. While other exchanges are outrightly delisting the XRP, chief crypto exchange Coinbase has only announced plans to suspend trades for XRP. Coinbase made the announcement on Monday, 28th of December

What companies have delisted XRP?

Already OSL, Bitstamp, Crosstower, Bitwise Asset Management, and Beaxy have delisted XRP. In July 2019, the SEC filed a lawsuit against Kik Interactive Inc. and Block.one, the parent company of EOS.

Which Canadian crypto exchanges are delisting XRP?

Bitbuy has become another Canadian crypto exchange to delist XRP. Previously, Newton and Coinsmart also removed XRP. It seems like NDAX and Coinberry will announce the same news soon. So why is XRP being removed from Canadian crypto exchanges?