Poloniex Cryptocurrency Exchange imposes restrictions on trading in nine tokens for US residents. At the same time, nothing will change for users from other countries.
1 / On Friday 29 May at 4 pm UTC, GDS, LSK, NXT, OMNI and the United States. All assets remain available. https://t.co/eNWeZTjT5X
– Poloniex Exchange (@Poloniex) May 16, 2019
In particular, the site stops bidding such as assets such as ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI and REP. The changes will take effect on May 29.
The reason, such as the bailouts, was "uncertainty of regulation in the US market."
"We strive to meet legal requirements in every jurisdiction. Today's actions are the result of regulatory uncertainty in the US market. In particular, we cannot be certain that US regulators will not view these assets as securities , "Poloniex said in a statement.
Jeremy Allair, CEO of Circle, the parent company of Poloniex, said he was "deeply disappointed" because he had to take such a step. He also called for a change in US law to meet the interests of the cryptocurrency industry as a whole and investors.
"For many cryptoactive assets, classification as securities in accordance with US law actually destroys their utility," he wrote in his twitter Alleyr.
Recall recently Poloniex became available again to residents of the US state of Washington. The exchange was forced to temporarily stop the activities in this region due to stricter regulations.
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