Leading cryptocurrency exchange Poloniex will stop providing 9 coins to United States-based customers because of uncertain rules, as per a blog post published on May 16.
Starting from May 29, Poloniex can stop giving trading in Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) for its customers within the U.S. trading with the said assets can remain available for the exchange’s customers outside the U.S.
Poloniex stated that the choice was motivated by the uncertain regulative environment within the country. “Specifically, it's impossible to be certain whether or not U.S. regulators can take into account these assets to be securities,” the exchange states.
The position of cryptocurrency remains unsure in the U.S. As previously reported, the U.S. Securities and Exchange Commission's (SEC) "crypto czar" Valerie Szczepanik same that stages trying to list introductory trade offering (IEO) tokens for a charge could end up in a bad position. “If they're not registered they'll find themselves in trouble within the U.S., if they need a U.S. issuer or U.S. buyers, if they're operational on the U.S. market,” Szczepanik said.
Toward the beginning of April, the SEC distributed a structure, created by Szczepanik and another chief Bill Hinman, to help showcase members determine whether or not an advanced resource is deemed to be an investment contract, and so a security.
SEC Chairman Jay Clayton and Commodities Futures trading Commission (CFTC) Chairman J. Christopher Giancarlo noted the importance of the agencies turning into literate in digital assets and blockchain technology earlier this month. Giancarlo supplementary that the CFTC ought to “be ready to conduct independent market data analysis across totally different data sources, together with decentralized blockchains and networks, while not being dependent on self-regulatory organizations and market intermediaries.”
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