Bitcoin exchange Poloniex includes U.S. customers for certain crypto currencies

the The Bitcoin exchange Poloniex announced in a Medium Post that locks the trade for certain crypto-currencies for customers from the USA. So it follows on the Token framework of the Securities and Exchange Commission SEC.

By Phillip Horch
17. May 2019BTC$7.173,00 -9.99%part Facebook Twitter LinkedIn xing mail

users of the Bitcoin exchange Poloniex are restricted in their Trading of crypto-currencies in the future, at least if you come from the United States. So Poloniex announced in a media Post that they will close the markets for the following crypto-currencies for US users:

Ardor (ARDR)Bytecoin (BCN)Decred (DCR)game credits (GAME)Gas (GAS), Lisk (LSK)Next (NXT)Omni (OMNI)Augur (REP)

in its decision, the company is justified as follows:

We are committed the legal requirements in all countries. Today's action is a consequence of the regulatory uncertainty in the US market. In particular, it is not possible to be sure that the US regulatory authorities these assets as securities to be consider.

exclusion of crypto-currencies as a response to the SEC-framework

Ultimately, the Bitcoin stock exchange is alluding to a recent decision by the US securities authority, the SEC, in which they presented a framework for the evaluation of crypto-currencies. It was, among other things, the question of whether tokens are considered as securities.

In relation to a possible reaction of the crypto-Community, you adds:

We understand how frustrating this decision for our customers and for the crypto Community in General. We believe in the strength and potential of these assets and will continue to use time and energy to supporting positive political and regulatory developments for crypto-systems in the United States and around the world.

Jeremy Allaire, CEO of Circle, which is the parent company of Poloniex, deplores the increasing regulation by the SEC in the United States, then in a Tweet:

1/ @Poloniex announced today that we are geo-fencing some assets in the United States. We are deeply frustrated that we needed to take these steps, which are the result of an increasingly limited environment in the US for crypto assets. (See Below)

— Jeremy Allaire (@jerallaire) May 16, 2019

[...] We are deeply frustrated by the fact that we need to take these steps, which are a result of the increasingly limited area of the United States for crypto-Assets.

most of The other crypto-currencies of the Bitcoin stock market of the current limitations, however, unaffected. So the US can trade-citizens, as usual, Bitcoin, Ripple, Litecoin & co..

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