I just got an email from Gemini indicating that Gemini no longer supports BAT in Canada. They will sell all my tokens for fiat on September 29th. I can no longer receive BAT in my account. How can I continue to collect Brave rewards if Gemini doesn’t support BAT?
What are other Canadians doing? Dropping Brave? Can my rewards be deposited to a private wallet?
Original email from Gemini:
We’re reaching out to let you know of some important changes that will impact your Gemini account.
As part of our Canadian licensing requirements, Gemini will now only support the following tokens: BTC, ETH, LTC, and BCH. You’ve been identified as a customer who holds a balance of a token that is now restricted due to this regulatory change, and in light of this change, all other tokens will be delisted from Gemini Canada.
That being said, you can take action on any restricted tokens by:
- Withdrawing them to a private wallet,
- Trading them for a non-restricted token (BTC, ETH, LTC, or BCH),
- Selling them into USD, or CAD by 9/27/23
Furthermore, any unsupported tokens that haven’t already been transferred or sold by 9/27/23 will be automatically sold for CAD on your behalf.
This decision was made in partnership with Canadian regulators. We appreciate your patience as we continue to work with regulators to provide the safest experience for our customers in Canada and around the world.